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Freshly Co. purchased an investment security on September 1 that will pay $1,200 interest on November 30. Which of the following adjusting entries would be

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Freshly Co. purchased an investment security on September 1 that will pay $1,200 interest on November 30. Which of the following adjusting entries would be made on September 30? Multiple Choice Debit Interest Receivable and credit Interest Revenue for $1,200 Debit Interest Revenue and credit Interest Receivable for $400. Debit Interest Receivable and credit Interest Revenue for $400 Debit Interest Revenue and credit Interest Receivable for $1,200

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