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9 The transactions below pertain to Broyer Company, whose fiscal year ends September 30 Sept 10 In exchange for Cash, received a Note receivable for

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9 The transactions below pertain to Broyer Company, whose fiscal year ends September 30 Sept 10 In exchange for Cash, received a Note receivable for a 90 day, 12%, $25,000 note receivable. Sept 30 Made the year end adjusting entry to accrue interest The September 10 entry for Broyer is: a. Debit Notes Receivable $25,000 Credit Cash $25,000 $25,000 $25,000 b. Debit Cash $25,000 Credit Notes Payable c. Debit Cash $25,000 Credit Notes Receivable d. Debit Notes Receivable Debit Interest Income Credit Cash $24,250 750 $25,000

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