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Vaughan Corp. receives a $6300, 4-month, 6% note from Ayayai Corp. in settlement of a past-due account receivable. What entry will Vaughan Corp. make upon
Vaughan Corp. receives a $6300, 4-month, 6% note from Ayayai Corp. in settlement of a past-due account receivable. What entry will Vaughan Corp. make upon receiving the note? Notes Receivable 6300 Interest Receivable 126 Accounts Receivable. 6300 Interest Income 126 Notes Receivable 6426 Accounts Receivable. 6300 Interest Income 126 Notes Receivable 6300 Accounts Receivable. 6300 Notes Receivable 6426 Accounts Receivable. 6426
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