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Valley Spa purchased $10.900 In plumbing components from Tubman Co Valley Spa signed a 60-day, 12% promissory note for $10.900. If the note is dishonored,
Valley Spa purchased $10.900 In plumbing components from Tubman Co Valley Spa signed a 60-day, 12% promissory note for $10.900. 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.) Multiple Choice Debit Accounts Receivable S111 oct Rand Debt Expens $218 credit Notes Receivable $10.900 Debit Red Deht Expanse S1111Ar t Accounts Rennibain $11118 Debit Bad Debt Expense $10,900, credit Notes Receivable $10,900, ooo c Debil Accounts Receivable-Valley Spa 510,900, credit Neces Receivable $10.900. Debit Accounts Receivable-Volley Spo$11118 credit interest revenue $218 credit Notes Itecelvable 510.900
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