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Time left 1:26:24 31 ABC Company accepts a three month, 6%, $2,000, promissary note as settlement of DEF Company's account on Dec 16. The entry
Time left 1:26:24 31 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: but of uestion . Notes Receivable $2,000 $2,000 Accounts receivable Ob. Notes Receivable $2,000 Cash $2,000 Oc. $2,030 Notes Receivable Accounts receivable Interest Revenue $2,000 $ 30 Od Notes Receivable $2,120 Accounts receivable $2,000 Interest Revenue $ 120
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