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Pharoah Company receives a $11500, 6-month, 6% promissory note from Blue Spruce Corp. in settlement of an open accounts receivable. What entry will Pharoah Company
Pharoah Company receives a $11500, 6-month, 6% promissory note from Blue Spruce Corp. in settlement of an open accounts receivable. What entry will Pharoah Company make upon receiving the note? O Notes Receivable 11845 11845 Accounts Receivable-Blue Spruce Corp. O Notes Receivable 11500 Interest Receivable 345 11500 Accounts Receivable-Blue Spruce Corp. Interest Revenue 345 O Notes Receivable 11500 11500 Accounts Receivable-Blue Spruce Corp. 11845 O Notes Receivable Accounts Receivable-Blue Spruce Corp. 11500 Interest Revenue 345
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