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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 or the note were $10,500

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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 or the note were $10,500 face value and 5% interest. On October 30, the journal entry to record the collection of the note should include a a. Notes Receivable for $231. b. Credit to Interest Revenue for $131. c. Interest Receivable for $31. d. Interest Revenue for $331

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