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On January 15, 2010, Raymond Company Received a Two-Month, 9

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On January 15, 2010, Raymond Company received a two-month, 9%, $5,000 note from William Pentel for the settlement of his open account. The entry by Raymond Company on March 15, 2010 if Pentel dishonors the note and collection is expected is: On January 15, 2010, Raymond Company received a two-month, 9%, $5,000 note from William Pentel for the settlement of his open account. The entry by Raymond Company on March 15, 2010 if Pentel dishonors the note and collection is expected is:

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