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Incorrect Question 34 0 / 0.25 pts Assume a company has the following information: Note Receivable: $100,000 Interest Rate: 9% Issue Date: August 1, 2019
Incorrect Question 34 0 / 0.25 pts Assume a company has the following information: Note Receivable: $100,000 Interest Rate: 9% Issue Date: August 1, 2019 Year-end: December 31, 2019 Maturity Date: April 30, 2020 Assuming adjusting entries are recorded at year-end, the journal entry on the note's maturity date includes a: Credit to Interest Revenue of $3,000 Debit to Notes Receivable of $100,000 O Credit to Interest Revenue of $6,750 Credit to Interest Receivable of $6,750 O Debit to Cash of $100,000
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