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Notification by the bank that an out of town Note Receivable was collected from a customer with Interest for the company would require the company

Notification by the bank that an out of town Note Receivable was collected from a customer with Interest for the company would require the company to make the following adjusting entry:

a. Notes Receivable

Cash

b. Cash

Notes Receivable

c. Cash

Notes Receivable

Interest Earned

d. No adjusting entry is necessary.

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