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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 $15,200
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 $15,200 face value and 5% interest. On October 30, the journal entry for the collection of the note, assuming a 360-day year, should include a
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