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Mercury Corporation received a four-month 6%, $3,000 note receivable on March 1. The adjusting entry on March 31 will include A. a debit to
Mercury Corporation received a four-month 6%, $3,000 note receivable on March 1. The adjusting entry on March 31 will include A. a debit to Interest Receivable for $180. B. a debit to Interest Receivable for $60. C. a debit to Cash for $180. D. a credit to Interest Revenue for $15.
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Intermediate Algebra
Authors: Margaret Lial, John Hornsby, Terry McGinnis
13th Edition
0134895983, 978-0134895987
