QUESTION 29 Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 109 promissory note for $7,800. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.) Debit Accounts Receivable $7,930; debit Bad Debt Expense 5130; credit Notes Receivable $8,060. Debit Bad Debt Expense 57,930; credit Accounts Receivable 57.930. Debit Bad Debt Expense 57,800, credit Notes Receivable 57,800. Debit Accounts Receivable-Valley Spa 57,800, credit Notes Receivable 57,800. Debit Accounts Receivable-Valley Spa 57,930, credit Interest Revenue $130: credit Notes Receivable $7,800