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Metlock, Inc. receives a $9900, 6-month, 10% promissory note from Splish Brothers Inc. in settlement of an open accounts receivable. What entry will Metlock, Inc.
Metlock, Inc. receives a $9900, 6-month, 10% promissory note from Splish Brothers Inc. in settlement of an open accounts receivable. What entry will Metlock, Inc. make upon receiving the note?
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