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A company is holding a $6,000, 90-day, 6% note receivable, dated December 1. The journal entry to record accrued interest at the end of its
A company is holding a $6,000, 90-day, 6% note receivable, dated December 1. The journal entry to record accrued interest at the end of its fiscal year on December 31will include a:
Select one:
A. Credit note receivable for $6,000B. Debit to interest receivable for $30C. Debit cash for $6,090D. Credit interest revenue for $90
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