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Windt, LLC receives a $ 5 , 0 0 0 , 6 - month, 7 % promissory note from Otto Company in settlement of an
Windt, LLC receives a $month, promissory note from Otto Company in settlement of an open accounts receivable. What entry will Windt, LLC make upon receiving issuance of the note? Dr Notes Receivable Dr Interest Receivable Cr AR Otto Company Cr Interest Revenue Dr Notes Receivable Cr AR Otto Company Dr Notes Receivable Cr AR Otto Company Cr Interest Revenue Dr Notes Receivable Cr AR Otto Company
Windt, LLC receives a $month, promissory note from Otto Company in settlement of an open accounts receivable. What entry will Windt, LLC make upon receiving issuance of the note?
Dr Notes Receivable
Dr Interest Receivable
Cr AR Otto Company
Cr Interest Revenue
Dr Notes Receivable
Cr AR Otto Company
Dr Notes Receivable
Cr AR Otto Company
Cr Interest Revenue
Dr Notes Receivable
Cr AR Otto Company
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