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14) 14) Plunder Inc. accepted a nine-month 12% interest-bearing note for $2,500 on July 1, 2019. The note was accepted as payment of a goods
14) 14) Plunder Inc. accepted a nine-month 12% interest-bearing note for $2,500 on July 1, 2019. The note was accepted as payment of a goods sold for $2,500. What is the correct entry to record THE COLLECTIONof the note on September30, 2019? 2,725 A) Cash 2,500 Sales 225 Interest 2,500 B) Notes receivable Sales 2,500 2,725 C) Cash Note receivable Interest 2,500 225 2,725) D) Notes receivable Sales Interest 2,500 300
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