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On November 1, Orpheum Company accepted a $10,500, 90-day, 8% note from a customer to replace an account receivable. What entry should be made by

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On November 1, Orpheum Company accepted a $10,500, 90-day, 8% note from a customer to replace an account receivable. What entry should be made by Orpheum on the November 1 to record the acceptance of the note? Multiple Choice Debit Notes Receivable $10,500; credit Cash $10,500 Debit Notes Receivable $10.500, credit Accounts Receivable $10,500 Debit Notes Receivable $10,500, credit Sales $10,500 Debit Notes Receivable $10,500; credit Cash $10,500 Debit Notes Receivable $10,500; credit Accounts Receivable $10,500, Debit Notes Receivable $10,500; credit Sales $10,500. Debit Notes Receivable $10,710; credit Accounts Receivable $10,500; credit Interest Revenue $210. Debit Sales $10,500: credit Accounts Receivable $10.500

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