Marigold Co. loaned Novak Co. $10600, accepting a 4-month, 6.0% promissory note in exchange. On the due date, Novak Co. indicated that it could not pay at the present time. Marigold would make the following entry at the time the note is dishonoured assuming Marigold expected payment from Novak: Select answer from the options below Notes Receivable-Novak Co. 10600 Accounts Receivable-Novak Co. 10600 Accounts Receivable-Novak Co. 10600 Notes Receivable-Novak Co. 10600 Accounts Receivable-Novak Co. 10812 Notes Receivable-Novak Co. 10600 Interest Revenue 212 Accounts Receivable-Novak Co. 10600 Interest Expense 212 Notes Receivable-Novak Co. 10812

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Marigold Co would make the following entry at the time the note is dishonoured assumin... View the full answer