Arief Company received a four-month, 9%, $2,800 note receivable on December 1. The adjusting entry on December

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Arief Company received a four-month, 9%, $2,800 note receivable on December 1. The adjusting entry on December 31 will

a. debit Interest Receivable $21.

c. both a and b.

b. credit Interest Revenue $21.

d. credit Interest Revenue $252.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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Question Posted: Jul 26, 2024 02:01 AM

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Arief Company received a four-month, 9%, $2,800 note receivable on December 1. The adjusting entry on December

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Financial Accounting International Financial Reporting Standards

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