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A company accepted a $10,000 note receivable from a customer for a term of 3 months at a rate of 6%. On the maturity date,
A company accepted a $10,000 note receivable from a customer for a term of 3 months at a rate of 6%. On the maturity date, the note was dishonoured, but the company felt it would eventually be collected. The entry at the time the note was dishonoured would include (Select all that apply).
A :
CR Interest Revenue $50.
B :
CR Allowance for Doubtful Accounts, $10,150.
C :
DR Accounts Receivable, $10,150.
D :
DR Notes Receivable, $10,150.
E :
CR Notes Receivable, $10,000.
F :
CR Interest Receivable $100.
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