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Five months ago, a customer signed a $58,600,5-month, 9% promissory note. On maturity, the customer must repay the amount borrowed with accrued interest. Today is

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Five months ago, a customer signed a $58,600,5-month, 9% promissory note. On maturity, the customer must repay the amount borrowed with accrued interest. Today is the maturity date. Interest is calculated based on months. No accrued interest has been recognized for the note. For each of the following situations, select the ledger and the dollar amount that would be debited Part A: The customer paid the note as agreed $63,874 debit to Cash Part B: The customer did not pay the note but, next week, is expected to pay the amount in full Part C: The customer did not pay the note and the credit department views the note as uncollectible

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