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Valley Spa purchased $9,000 in plumbing components from Tubman Company. Valley Spa signed a 60-day, 8% promissory note for $9,000. If the note is dishonored,

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Valley Spa purchased $9,000 in plumbing components from Tubman Company. Valley Spa signed a 60-day, 8% promissory note for $9,000. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry made by Tubman to record the dishonored note? (Use 360 days a year.) Multiple Choice Debit Accounts Receivable - Valley Spa \$9,120; debit Bad Debt Expense $120; credit Notes Receivable $9,000. Debit Bad Debt Expense $9,120; credit Accounts Recelvable-Valley Spa $9,120. Debit Bad Debt Expense $9,000; credit Notes Receivable $9,000. Debit Accounts Recelvable-Valley Spa $9,000; credit Notes Receivable $9,000

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