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On December 1, 2021 Lansing Company accepted a three month, 10% note for $10,000 from one of us customers, Joshua Smith, to settle a past

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On December 1, 2021 Lansing Company accepted a three month, 10% note for $10,000 from one of us customers, Joshua Smith, to settle a past due account receivable ( On December 31, 2021, the company made the appropriate year-end adjusting entry for interest On March 1, 2022, Joshua Smith pays Lansing Company the note and interest in full as promised what Journal entry should the company make to record the collection of cash on March 1, 2022? (Round your answers to the nearest whole dollar)

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