Giorgio Italian Market bought $10,600 worth of merchandise from Food Suppliers and signed a 90-day, 8% promissory note for the $10,600. Food Supplier's journal entry to record the sales transaction is:
A. Debit Notes Receivable $10,600; credit Sales $10,600.
B. Debit Notes Receivable $10,600; debit Interest Receivable $212; credit Sales $10,812.
C. Debit Accounts Receivable $10,600; credit Sales $10,600.
D. Debit Notes Receivable $10,812; credit Sales $10,812.
E. Debit Accounts Receivable $10,812; credit Sales $10,812.
Answer: A
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