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On February 1, 2018, Sanger Corp. lends cash and accepts a $2,000 note receivable that offers 10% interest and is due in six months. What

On February 1, 2018, Sanger Corp. lends cash and accepts a $2,000 note receivable that offers 10% interest and is due in six months. What would Sanger record on August 1, 2018, when the borrower pays Sanger the correct amount owed?

A. Cash 2,000
Interest Revenue 100
Notes Receivable 2,100
B. Cash 2,100
Notes Receivable 2,100
C. Cash 2,100
Interest Revenue 100
Notes Receivable 2,000
D. Cash 2,200
Notes Receivable 2,200

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