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On January 15, 2020, Concord Company received a two-month, 6%, $8300 note from Peter Long for the settlement of his open account. The entry by

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On January 15, 2020, Concord Company received a two-month, 6%, $8300 note from Peter Long for the settlement of his open account. The entry by Concord Company on March 15, 2020 if Long dishonors the note and collection is expected is: 8217 Accounts Receivable- Long Interest Lost Notes Receivable 83 8300 8383 Bad Debt Expense Notes Receivable 8383 8300 Accounts Receivable- Long Notes Receivable 8300 8383 Accounts Receivable-P. Long Notes Receivable Interest Revenue 8300 83

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