A $6,000, 30-day, 12% note recorded on November 21 is not paid by the maker...
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Accounting
A $6,000, 30-day, 12% note recorded on November 21 is not paid by the maker at maturity. The Journal entry to recognize this event is a. debit Cash, $6,060; credit Notes Receivable, $6,060 b. debit Accounts Receivable, $6,060; credit Notes Receivable, $6,000; Credit Interest 27, Receivable, $60 debit Notes Receivable, $6,060; credit Accounts Receivable, $6,060 debit Accounts Receivable, $6,060; credit Notes Receivable, $6,000; Credit Interest Revenue, $60 c. d
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