boyslovety4256 boyslovety4256

19-11-2017
Business

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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 sales transaction is:

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meerkat18 meerkat18

29-11-2017

[Debit] Accounts Receivable $4,000
[Credit] Sales $4,000

[Debit] Notes Receivable $4,000
[Credit] Accounts Receivable $4,000

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