A $ 1 3 , 2 0 0 , 6 0 day, 1 2 note recorded on November 2 1 is not paid by the maker at maturity Assume a 3 6 0 day year The journal entry to recognize this event is a debit Notes Receivable for $ 1 3 , 4 6 4 credit Accounts Receivable for $ 1 3 , 2 0 0 credit Interest Receivable for $ 2 6 4 b debit Accounts Receivable for $ 1 3 , 4 6 4 credit Notes Receivable for $ 1 3 , 2 0 0 credit Interest Revenue for $ 2 6 4 c debit Notes Receivable for $ 1 3 , 4 6 4 credit Accounts Receivable for $ 1 3 , 4 6 4 d debit Cash for $ 1 3 , 4 6 4 credit Notes Receivable for $ 1 3 , 4 6 4

Question

A $ 1 3 , 2 0 0 , 6 0   day, 1 2   note recorded on November 2 1 is not paid by the maker at maturity  Assume a 3 6 0   day year  The journal entry to recognize this event is a   debit Notes Receivable for $ 1 3 , 4 6 4   credit Accounts Receivable for $ 1 3 , 2 0 0   credit Interest Receivable for $ 2 6 4   b   debit Accounts Receivable for $ 1 3 , 4 6 4   credit Notes Receivable for $ 1 3 , 2 0 0   credit Interest Revenue for $ 2 6 4   c   debit Notes Receivable for $ 1 3 , 4 6 4   credit Accounts Receivable for $ 1 3 , 4 6 4   d   debit Cash for $ 1 3 , 4 6 4   credit Notes Receivable for $ 1 3 , 4 6 4

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Question

A $ 1 3 , 2 0 0 , 6 0 - day, 1 2 % note recorded on November 2 1 is not paid

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