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Below are the names of several accounts from a business' general ledger with each account name preceding by a number.
1 Accounts Payable 2 Accounts Receivable 3 Allowance for Doubtful Accounts 4 Bad Debt Expense 5 Cash 6 Factoring Fee Expense 7 Interest Earned 8 Interest Expense 9 Interest Receivable 10 Notes Payable 11 Notes Receivable 12 Sales Indicate the number corresponding to the accounts (as shown above) used in recording the transaction below.
Transaction:
Received payment for a note at maturity in the same year the note was received.
would be debited. and would be credited.
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