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Valley Spa purchased $11,100 in plumbing components from Tubman Co, Valley Spa signed a 60-day, 8% promissory note for $11,100. If the note is dishonored,

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Valley Spa purchased $11,100 in plumbing components from Tubman Co, Valley Spa signed a 60-day, 8% promissory note for $11,100. 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 $11.248; debit Bad Debt Expense $148; credit Notes Receivable $11,100. Debit Bad Debt Expense $11.248, credit Accounts Receivable $11.248. Debit Bad Debt Expense $11100; credit Notes Receivable $11,100 Debit Accounts Receivable-Valley Spa $11,100, credit Notes Receivable $11900. C Debit Accounts Receivable-Valley Spa $11248, credit Interest Revenue $148 credit Notes Receivable $11,100.

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