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Gamma receives interest on a $450, 8%, 5-year note receivable each April 1. On December 31, 2017, the appropriate adjusting entry was made to accrue
Gamma receives interest on a $450, 8%, 5-year note receivable each April 1. On December 31, 2017, the appropriate adjusting entry was made to accrue (recognize) interest receivable: What journal entry should be made on April 1, 2018 when the annual interest payment is received?
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