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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 of the note were $8,500

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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 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 Select the correct answer. Notes Receivable for $228 Credit to Interest Revenue for $128 Interest Receivable for $28 Interest Revenue for $328

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