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

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The Answer of Paper Company receives a $6,000, three-month, 6% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? a. Notes Receivable, Dame Company$\quad\quad$6,000
$\quad\quad$Accounts Receivable, Dame Company$\quad\quad$6,000
b. Notes Receivable, Dame Company$\quad\quad$6,090
$\quad\quad$Accounts Receivable, Dame Company$\quad\quad$6,090
c. Notes Receivable, Dame Company$\quad\quad$6,090
$\quad\quad$Accounts Receivable, Dame Company$\quad\quad$6,000
$\quad\quad$Interest Revenue$\quad\quad$90
d. Notes Receivable, Dame Company$\quad\quad$6,000
Interest Revenue$\quad\quad$90
$\quad\quad$Accounts Receivable, Dame Company$\quad\quad$6,000
$\quad\quad$Interest Receivable$\quad\quad$90

Paper Company Receives a $6,000, Three-Month, 6% Promissory Note from Dame