Multiple Choice
On January 15, 2018, Craig Company received a two-month, 9%, $9,000 note from William Pentel for the settlement of his open account. The entry by Craig Company on January 15, 2018 would include a:
A) debit of $9,135 to Notes Receivable.
B) debit of $9,000 to Notes Receivable.
C) credit of $9,135 to Accounts Receivable.
D) credit of $9,000 to Notes Receivable.
Correct Answer:
Verified
Correct Answer:
Verified
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