Assume that on November 1, a note which has a face value of $9,000, bears interest at 9 percent for 120 days, received from a customer as an extension of her past-due account is dishonored. The entry that would be made to record the dishonor include all except

A) a debit to Accounts Receivable for $9,000.
B) a credit to Interest Income for $266.
C) a credit to Notes Receivable for $9,000.
D) a debit to Accounts Receivable for $9,266.


A

Business

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