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A company loaned money to a supplier in exchange for a 3-month, 8% notes receivable. What account would not be recorded in the payment entry
A company loaned money to a supplier in exchange for a 3-month, 8% notes receivable. What account would not be recorded in the payment entry at maturity assuming no interest accrual had been previously recorded (i.e., the note issuance and repayment fell in the same accounting period)?
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