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Minor Company had checks outstanding totaling $ 4 , 8 8 9 on its April bank reOn August 1 , Kim Company accepted a 9

Minor Company had checks outstanding totaling $4,889 on its April bank reOn August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the note were $8,500 face value and 6% interest. On October 30, the journal entry to record the collection of the note should include a
a. Notes Receivable for $228.
b. Interest Receivable for $28.
c. Interest Revenue for $328.
d. Credit to Interest Revenue for $128.

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