Notes receivable are promissory notes a written promise to pay a specific amount of money, seller sometimes asks for a promissory note in replacement of accounts receivable when a customer requests additional time to pay a due account. The journal entry for the given transactions of D company.

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Chapter 9, Problem 19E

To determine

Concept Introduction: Notes receivable are promissory notes a written promise to pay a specific amount of money, seller sometimes asks for a promissory note in replacement of accounts receivable when a customer requests additional time to pay a due account.

The journal entry for the given transactions of D company.

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