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On November 1, 2016 Evan Company received an $10500, six-month, 8 percent note to settle an unpaid balance owed by a customer. Evan adjusts its

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On November 1, 2016 Evan Company received an $10500, six-month, 8 percent note to settle an unpaid balance owed by a customer. Evan adjusts its records for interest eamed to December 31, 2016. The debit to cash at the end of the six month term (in 2017) will be $

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