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On May 1, Dante Services accepted a 30-day, 10% note for $1,200 from Mike Tillman to replace his past-due account. Dante will record this transaction

On May 1, Dante Services accepted a 30-day, 10% note for $1,200 from Mike Tillman to replace his past-due account. Dante will record this transaction with a (debit or credit) to Accounts Receivable for $ . (Do not input a comma or cents.)

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