Question : 106. Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy : 1257982
106. Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? A. Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. B. Debit Cash $4,920; credit Notes Receivable $4,920. C. Debit Cash $4,920; credit Interest Revenue $100; credit Interest Receivable $20; credit Notes […]