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TB MC Qu. 07-116 (Algo) Giorgio Italian Market bought... Giorgio Italian Market bought $4,600 worth of merchandise from Food Suppliers and signed a 90-day, 6%

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TB MC Qu. 07-116 (Algo) Giorgio Italian Market bought... Giorgio Italian Market bought $4,600 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4,600. Food Supplier's journal entry to record the collection on the maturity dote is: (Use 360 days a year) Multiple Choice Debit Cash $4,669; credit Notes Receivable $4,669 Debit Notes Receivable $4600, credit Cash $4,600 Debit Cash $4,600; debit interest Receivable $69. credit Sales $4,669 Saved O Debit Cash $4,669, credit Notes Receivable $4,669 Debit Notes Receivable $4,600; credit Cash $4,600 Debit Cash $4,600; debit Interest Receivable $69; credit Sales $4,669 Debit Notes Receivable $4,669; credit Sales $4,669 Debit Cash $4,669; credit Interest Revenue $69; credit Notes Receivable $4,600

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