Business, 02.01.2020 23:31 pinklavalamp

On november 1, orpheum company accepted a $10,000, 90-day, 8% note from a customer settle an account.

what entry should be made on the november 1 to record the note acceptance?

a- debit note receivable $10,000; credit cash $10,000.

b- debit note receivable $10,000; credit accounts receivable $10,000.

c- debit note receivable $10,000; credit sales $10,000.

d- debit cash $10,000; credit sales $10,000.

e- debit sales $10,000; credit accounts receivable $10,000.

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On november 1, orpheum company accepted a $10,000, 90-day, 8% note from a customer settle an account...

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