Answer:
Dr Note Receivable $12,400
Cr Accounts Receivable $12,400
Explanation:
Based on the information given we were told that on November 1 the company accepted a note from a customer in order to help settle the customer account of the amount of $12,400 which means that the Journal entry that should be made on the November 1 to record the acceptance of the note will be :
Dr Note Receivable $12,400
Cr Accounts Receivable $12,400
