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Big Builders Company signs an agreement to lend one of its customers $ 2 0 0 , 0 0 0 to be paid back in

Big Builders Company signs an agreement to lend one of its customers $

200, 000

to be paid back in one year at

5.5 %

interest. The lender should record this loan under:

Multiple Choice

loans payable.

unearned revenue.

notes receivable.

accounts receivable.

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