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On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms ol the note were $11,000

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On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms ol the note were $11,000 face value and 7% interest. On October 30, the journal entry to record the collection of the note should include a Select the correct answer. OInterest Receivable for $3 Credit to Interest Revenue for $193 Notes Receivable for $293 Interest Revenue for $393

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