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Food Service Distributors, Inc., accepts a 9 0 - day, 8 % note receivable for $ 7 5 , 0 0 0 on September 1
Food Service Distributors, Inc., accepts a day, note receivable for $ on September in exchange for an account receivable due from Fresh Food, Inc. Food Service Distributors prepares financial statements and makes adjusting entries quarterly. On the date the note is collected, Interest Revenue is credited for $
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