On January 15,2011 , 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 15,2011 if Pentel dishonors the note and collection is expected is:

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The Answer of On January 15,2011 , 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 15,2011 if Pentel dishonors the note and collection is expected is:

On January 15,2011 , Raymond Company Received a Two-Month, 9 $5,000 \$ 5,000 $5,000

On January 15,2011 , Raymond Company Received a Two-Month, 9 $\$ 5,000$