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Entity B lent a customer $10,000 on a one year note, at 6% interest, with interest and principal due at maturity. The customer dishonored the
Entity B lent a customer $10,000 on a one year note, at 6% interest, with interest and principal due at maturity. The customer dishonored the note but Entity B expects eventual collection of all amounts due and owing. Entity B should do nothing. transfer only the principal amount to accounts receivable. transfer the amount due (principal and interest) to accounts receivable. write-off the face value of the
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