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AT&T Wireless accepts a 6-month, $12,000, 9% note from Sprint Corporation on December 1.2022. Assuming all necessary adjusting entries were made at year-end December
AT&T Wireless accepts a 6-month, $12,000, 9% note from Sprint Corporation on December 1.2022. Assuming all necessary adjusting entries were made at year-end December 31, 2022, the entry AT&T makes on the maturity date would include a: Debit to Interest Revenue for $180 Credit to Notes Receivable for $12,540 Credit to Interest Revenue for $440 Credit to Interest Receivable for $180 Debit to Cash for $12.540
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