Debit Notes Receivable $10,100; credit accounts Receivable $10,100. entry should be made by Mifflin on July 9 to record receipt of the note.
Credit accounts include mortgages, bus loans, particular loans, and pupil loans. Revolving credit accounts allow you to constantly adapt and repay quantities from a single line of credit up to a maximum limit.
A credit is an account entry that either increases a liability or equity account or decreases an asset or expenditure account. It's deposited to the right in a counting entry. There are three types of credit accounts revolving, investiture, and open.
One of the most common types of credit accounts, revolving credit is a line of credit that you can adopt freely but that has a cap, known as a credit limit, on how much can be used at any given time.
Learn more about credit accounts here: https://brainly.com/question/6872962
#SPJ4
