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1111111111111111111111 A company receives interest on a $30,000, 8%, 5-year note receivable each April 1. At December 31, 2019, the following adjusting entry was made

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A company receives interest on a $30,000, 8%, 5-year note receivable each April 1. At December 31, 2019, the following adjusting entry was made to accrue interest receivable: Interest Receivable 1,800 Interest Revenue 1,800 Assuming that the company DOES use reversing entries, what entry should be made on April 1, 2020 when the annual interest payment is received? Dr. Cash 600; Cr. Interest Revenue 1,800 O Dr. Cash 1,800; Cr. Interest Receivable 1,800 Dr. Cash 2,400; Cr. Interest Receivable 1,800; Cr. Interest Revenue 600 Dr. Cash 2,400; Cr. Interest Revenue 2,400

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