Valley Spa purchased $7, 800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7, 800 if the note is dishonoured, what is the journal entry to record the dishonoured note? Debit Accounts Receivable $7, 930, debit Bad Debt Expense $130, credit Notes Receivable $7, 800. Debit Bad Expenses $7, 930, credit Accounts Receivable $7, 930. Debit Bad Debit Expenses $7, 800, credit Notes Receivable $7, 800 Debit Accounts Receivable Valle Spa $7, 800, credit Notes Receivable $7, 80 Debit Accounts Receivable Valley Spa $7, 900, credit interest Revenue $130, credit Notes Receivable $7, 800