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4. Rudov Aquino Company had an interest on notes receivable for the period covered November 1 to December 31, 2010. The face value of the

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4. Rudov Aquino Company had an interest on notes receivable for the period covered November 1 to December 31, 2010. The face value of the note was P100,000 bearing 12% interest. To take up the interest income earned the adjusting entry should be

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