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Quesdon 13 Not yet answered ABC Company accepts a three month, 6%, $2,000, promissary note as settlement of DEF Company's account on Dec 16. The
Quesdon 13 Not yet answered ABC Company accepts a three month, 6%, $2,000, promissary note as settlement of DEF Company's account on Dec 16. The entry to record this transaction on ABC's books on Dec. 16 is: Marked out of 1.00 P Flag question O a. Notes Receivable $2,000 Cash $2,000 O b. Notes Receivable $2,120 Accounts receivable $2,000 Interest Revenue $ 120 a O c. Notes Receivable $2,000 Accounts receivable $2,000 O d. Notes Receivable $2,030 Accounts receivable $2,000 Interest Revenue $ 30 stion 12 Debits usually: yet wered ked out of O a. Decrease assets and increase liabilities lag question O b. Decrease assets and liabilities OC. Increase assets and liabilities O d. Increase assets and decrease liabilities
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