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    RosieJ74's Avatar
    RosieJ74 Posts: 33, Reputation: 2
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    #1

    Mar 5, 2007, 01:27 AM
    Debits and credits
    OK I'm trying to figure this out

    Molly's Mushrooms received a one-year noninterest bearing note receiveable. How did they record it

    Interest receivable discount on note receivable
    a. yes yes
    b. yes no
    c. no yes
    d. no no

    I picked c and I hope it is right
    Can somebody please help

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