X sold $120,000 of goods and accepted the customer's $120,000 10%, 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit ?in this journal entry to record the sale Debit Notes Receivable for $120,000 .a b. No journal entry until cash is collected Debit Accounts Receivable for $120,000 Debit Notes Receivable for $108,000 .do