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12) Which of the following is the correct way to record way to record the collection of a note receivable of $4,000 plus $200 interest?

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12) Which of the following is the correct way to record way to record the collection of a note receivable of $4,000 plus $200 interest? a) Cash Interest Revenue 4,200 200 Notes Receivable 4,000 b) Interest Revenue Cash 4,000 200 Notes Receivable 4,200 (see next page) S c) Cash 4,200 Notes Receivable 4,200

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