Question: Received a $6,000, 8%, 3-month note, dated November 1 from John Hoye in payment of his open accounts receivable. We have a calendar year end.

Received a $6,000, 8%, 3-month note, dated November 1 from John Hoye in payment of his open accounts receivable. We have a calendar year end. Record the entry on November 1. Select one: a. debit bad debt expense 6,000; credit accounts receivable 6,000 b. debit accounts receivable 6,000; credit notes receivable 6,000 c. debit notes receivable 6,000; credit accounts receivable 6,000 d. debit cash 6,000; credit accounts receivable 6,000

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