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12. MC.07-85 Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required
12. MC.07-85 Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the company's accounts? debit Accounts Receivable; credit Cash debit Cash; credit Miscellaneous Income debit Notes Receivable; credit Cash
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