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6 Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a...

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Accounting

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6 Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $10.200. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year) Multiple Choice 01.09-14 Debit Accounts Receivable $10,438; debit Bed Debt Expense $238; credit Notes Receivable $10,200 Debin Bad Debt Expense $10,438; credit Accounts Receivable $10.438. Debit Bad Debt Expense $10.200: credit Notes Receivable $10.200 Debil Accounts Receivable-Valley Spa $10.2005, credit Notes Receivable $10.200 Debat Accounts Receivable-Volley Spa $10,438, credit interest Revenue $230; credit Notes Receivable $10.200. 30 992 FE 98 $ % A go

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