On October 1,2012,Allen Jewelry Company Accepted a 4-Month,10% Note for $2,400

question 82

Essay

On October 1,2012,Allen Jewelry Company accepted a 4-month,10% note for $2,400 in settlement of an overdue account receivable.Please provide the journal entry needed to record the conversion of an Accounts receivable into a Note receivable.
$$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline\end{array}$$