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On August 1, 2025, Jacobs Company accepted a 6 - month, 8% note for $8,400 in settlement of an overdue account receivable. Interest revenue was

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On August 1, 2025, Jacobs Company accepted a 6 - month, 8\% note for $8,400 in settlement of an overdue account receivable. Interest revenue was accrued through December 31,2025 . Jacob's receives the maturity value of the note at maturity. The joumal entry to record the collection would be

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