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Teal Mountain Company receives a $10000, 9-month, 8% promissory note from Sandhill Company in settlement of an open accounts receivable. What entry will Teal

Teal Mountain Company receives a $10000, 9-month, 8% promissory note from Sandhill Company in settlement of an open accounts receivable. What entry will Teal Mountain Company make upon receiving the note? Notes Receivable Accounts Receivable-Sandhill Company Notes Receivable Accounts Receivable-Sandhill Company Notes Receivable Accounts Receivable-Sandhill Company Interest Revenue Notes Receivable Interest Receivable Accounts Receivable-Sandhill Company Interest Revenue 10000 10600 10600 10000 600 10000 10600 10000 600 10000 600

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