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On february 9 ernst gave gonzalez co a 10 promissory note

Question - On January 10, 2010, Gonzalez Co. sold merchandise on account to Ernst for $7,576, terms n/30. On February 9 Ernst gave Gonzalez Co. a 10% promissory note in settlement of the accounts receivable.

Prepare the journal entry to record the sale and the settlement of the accounts receivable.

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Accounting Basics: On february 9 ernst gave gonzalez co a 10 promissory note

Reference No:- TGS02568517

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