Journal entry to record the sales transaction

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Jax Recording Studio purchased $6,700 in electronic components from Music World. Jax signed a 60-day, 6% promissory note for $6,700. Music World's journal entry to record the sales transaction is:

a. Debit Notes Receivable $6,700; credit Sales $6,700

b. Debit Accounts Receivable $6,767; credit Sales $6,767

c. Debit Accounts Receivable $6,700; credit Sales $6,700

d. Debit Notes Receivable $6,700; debit Interest Receivable $67; credit Sales $6,767

e. Debit Notes Receivable $6,767; credit Sales $6,767

Reference no: EM131295184

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