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On July 9, Mifflin Company receives a $10,100, 90-day, 12% note from customer Payton Summers as payment on account. What entry should be made

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On July 9, Mifflin Company receives a $10,100, 90-day, 12% note from customer Payton Summers as payment on account. What entry should be made on July 9 to record receipt of the note? Multiple Choice Debit Notes Receivable $10,501; credit Interest Revenue $401; credit Accounts Receivable $10,100. Debit Notes Receivable $10,403; credit Sales $10,403. Debit Notes Receivable $10,100; credit Accounts Receivable $10,100. Debit Notes Receivable $10,100; credit Sales $10,100. Debit Accounts Receivable $10,100; credit Sales $10,100.

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