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Donna's Diner was allowed to replace a $40,000 account receivable with a 5.5% note receivable that will be due in 90 days. Please prepare the

Donna's Diner was allowed to replace a $40,000 account receivable with a 5.5% note receivable that will be due in 90 days.

Please prepare the necessary journal entry from Donna's standpoint.

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