The Liccorish Pizza bought $5,000 worth of merchandise from TechCom and signed a90-day, 10% promissory note for the $5,000. TechCom's journal entry to record the transaction is:
A) 
B) 
C) 
D) 
E) 
Correct Answer:
Verified
Q63: The person who signs a note receivable
Q64: Interest on $8,400 at 7% for 60
Q65: TechCom receives a 10%, 90-day note for
Q66: A method of estimating bad debts expense
Q67: A promissory note:
A)Is a written promise to
Q69: Electron borrowed $75,000 from TechCom by signing
Q70: The amount of bad debt expense can
Q71: TechCom ages its accounts receivables to determine
Q72: An accounting procedure that (1)estimates and reports
Q73: The materiality principle:
A)Permits use of the direct
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