Need help creating journal entry and deciding what journal it goes into.

28-Oct

Received a $24,600, 12% 60 day note in exchange

Note

101

New Business Company

12% 60 day

for services rendered

Cost of Inventory $18,000

Currently have it in the Cashe Receipts Journal like this:

Cash Receipts Journal Page 10
Date		Debits		Credits						Cost of Goods Sold DR /Inventory Credit
				Sales Revenue	Accounts Receivable	Other Accounts
	Reference	Cash	Sales Discount			Account Title		Post Ref.	Amount
1-Oct	Cash Sale	800		800
8-Oct	Cash Sale	3,000		3,000						1,950
14-Oct	Miles, Co	4,000	1000		5,000
15-Oct	Cash Sale	2,995		2,995						1,940
22-Oct	Cash Sale	5,400		5,400						4,650
28-Oct	Note Payable	24,600				Note Payable		2070	24,600	18,000
29-Oct	Cash Sale	6,900		6,900						5,765
										Is this correct? Thank you, Stephanie