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Nebraska Co . holds Georgia Inc's $ 3 0 , 0 0 0 , 1 2 0 - day, 9 % note. The entry made
Nebraska Co holds Georgia Inc's $day, note. The entry made by Nebraska Co when the notes is collected, assuming no interest has previously been accrued is:
Dr Cash
Cr Notes Receivable
Dr Accounts Receivable
Cr Notes Revenue
Cr Interest Revenue
Cr Notes Receivable
Cr Interest Revenue
Dr Accounts Receivable
Cr Notes Receivable
Cr Interest Revenue
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