Business, 28.03.2020 03:39 isabellebisio

Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4,000. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.) Multiple Choice Debit Cash $4,060; credit Notes Receivable $4,060 Debit Notes Receivable $4,060; credit Sales $4,060 Debit Notes Receivable $4,000; credit Cash $4,000 Debit Cash $4,000; debit Interest Receivable $60; credit Sales $4,060 Debit Cash $4,060; credit Interest Revenue $60; credit Notes Receivable $4,000

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Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6...

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