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On December 31, 2007, the payee on a $4,500, 120-day, 10% note dated November 1, 2007, will recognize: (Points: 5) interest receivable, $150. interest receivable,
On December 31, 2007, the payee on a $4,500, 120-day, 10% note dated November 1, 2007, will recognize: (Points: 5) interest receivable, $150. interest receivable, $75. interest payable, $150. interest payable, $75
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