Paper Company receives a $6,000, 3-month, 6% promissory note from Dame Company in settlement of an openaccounts receivable. What entry will Paper Company make upon receiving the note?
a. Notes Receivable 6,000
Accounts Receivable—Dame Company 6,000
b. Notes Receivable 6,090
Accounts Receivable—Dame Company 6,090
c. Notes Receivable 6,090
Accounts Receivable—Dame Company 6,000
InterestRevenue 90
d. Notes Receivable 6,000
Interest Revenue 90
Accounts Receivable—Dame Company 6,000
InterestRevenue 90
a
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