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Acme Company receives a $ 1 0 , 0 0 0 , 3 - month, 6 % promissory note from Grover Company in settlement of
Acme Company receives a $month, promissory note from Grover Company in settlement of an open accounts receivable. What entry will Acme make upon receiving the note?
A Notes Receivable Accounts Receivable Grover Company
Interest Revenue
B Notes Receivable Accounts ReceivableGrover Company
C Notes Receivable Interest Receivable
Accounts ReceivableGrover Company Interest Revenue
D Notes Receivable
Accounts ReceivableGrover Company
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