What entry will doane company make upon receiving the note


Doane Company receives a $5,000, 3-month, 6% promissory note from Ray Company in settlement of an open accounts receivable. What entry will Doane Company make upon receiving the note?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What entry will doane company make upon receiving the note
Reference No:- TGS065692

Expected delivery within 24 Hours