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13 2 ME On November 1, Orpheum Company accepted a $10,000, 90-day, 8% note from a customer to replace an account receivable. What entry
13 2 ME On November 1, Orpheum Company accepted a $10,000, 90-day, 8% note from a customer to replace an account receivable. What entry should be made by Orpheum on the November 1 to record the acceptance of the note? Mutiple Choice Debit Notes Receivable $10,000, credit Cash $10,000 Debe Notes Receivable $10,000; credit Accounts Receivable $10,000 Dubit Notes Receivable $10,000; credit Sales $10,000 Debit Notes Heivable $10,200 crede Accounts eceivable $10.000 credit vterest Revenue $200 Debit Sales $10.000 crede Accounts Receivable $10.000
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