Help Save & Exit Submit TB MC Qu. 07-134 (Algo) On July 9, Mifflin Company receives... On July 9, Mifflin Company receives a $10,300, 90-day, 8% note from customer Payton Summers to replace an account receivable What entry should be made by Mifflin on July 9 to record receipt of the note? Multiple Choice Debit Notes Receivable $10,300; credit Sales $10,300 Debit Notes Receivable $10,300, credit Accounts Receivable Summers $10,300 ih Debit Accounts Receivable-P.Summers $10,300, credit Sales $10,300 Debit Notes Receivable $10,300; credit Sales $10,300. Debit Notes Receivable $10,300; credit Accounts Receivable--P.Summers $10,300 O Debit Accounts Receivable-P.Summers $10,300; credit Sales $10,300 Debit Notes Receivable $10,572; credit Interest Revenue $272, credit Accounts Receivable-P.Summers O Debit Notes Receivable $10,506; credit Sales $10,506.