Giorgio Italian Market bought $11,400 worth of merchandise from Food Suppliers and signed a 150-day, 8% promissory note for the $11,400. Food Supplier's journal entry to record the sales transaction is:

Giorgio Italian Market bought $11,400 worth of merchandise from Food Suppliers and signed a 150-day, 8% promissory note for the $11,400. Food Supplier's journal entry to record the sales transaction is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Giorgio Italian Market bought $11,400 worth of merchandise from Food Suppliers and signed a 150-day, 8% promissory note for
the $11,400. Food Supplier's journal entry to record the sales transaction is

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