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Marin Company receives a $ 1 1 5 0 0 , 6 - month, 6 % promissory note from Cullumber Company in settlement of an
Marin Company receives a $month, promissory note from Cullumber Company in settlement of an open accounts receivable. What entry will Marin Company make upon receiving the note?
Notes Receivable
Accounts ReceivableCullumber Company
Notes Receivable
Accounts ReceivableCullumber Company
Notes Receivable
Accounts ReceivableCullumber Company
Interest Revenue
Notes Receivable
Interest Receivable
Accounts ReceivableCullumber Company
Interest Revenue
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