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On June 20, 2017, Chan Company received a three-month, 8%, $10,000 note from Gary Guggenheim for the settlement of his open account. The entry by

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On June 20, 2017, Chan Company received a three-month, 8%, $10,000 note from Gary Guggenheim for the settlement of his open account. The entry by Chan Company on June 20, 2017 would include a: a. debit of $10,135 to Notes Receivable. b. debit of $10,000 to Notes Receivable. c. credit of $10,135 to Accounts Receivable. d. credit of $10,000 to Notes Receivable. 48

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