DonCo, Inc. sold merchandise on January 14, and accepted a 90-day, 5% promissory note in...

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Accounting

DonCo, Inc. sold merchandise on January 14, and accepted a 90-day, 5% promissory note in the amount of $5,000. On January 14, the entry to record this transaction would include a debit to:
Multiple choice question.
Sales in the amount of $5,000
Notes Receivable in the amount of $5,000
Accounts Receivable in the amount of $5,000
Cash in the amount of $5,000

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