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Carey Corporation received a four-month 5%, $6,000 note receivable on March 1. The adjusting entry on March 31 will include A. a debit to
Carey Corporation received a four-month 5%, $6,000 note receivable on March 1. The adjusting entry on March 31 will include A. a debit to Interest Receivable for $100. B. a debit to Cash for $300. C. a credit to Interest Revenue for $25. D. a debit to Interest Receivable for $300.
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