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ABC recorded a $50,000 note receivable. The issue date is 11/1/20 and matures in 90 days. The annual interest rate is 9%. ABC's accounting period

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ABC recorded a $50,000 note receivable. The issue date is 11/1/20 and matures in 90 days. The annual interest rate is 9%. ABC's accounting period ends on 12/31/20. When does the note mature? How much interest was earned in 2020? How will the receipt at maturity be recorded to cash? A. 2/1/21 $750. Debit $51,125. B. 1/30/21 $750 Debit $51,125. C. 1/30/21 $1,125. Credit $50,000. D. 2/1/21 $1,125. Credit $51,125

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