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On November 1 Orpheum Company accepted a $10,900, 90-day, 12% note from a customer to settle his account. What entry should be made on the

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On November 1 Orpheum Company accepted a $10,900, 90-day, 12% note from a customer to settle his account. What entry should be made on the November 1 to record the acceptance of the note? Multiple Choice Debit Note Receivable $10,900; credit Cash $10,000 0 Debit Note Receivable $10,900; credit Accounts Receivable $10,000, Debit Note Receivable $10,900; credit Sales $10,900. Debit Note Receivable $11,227; credit Accounts Receivable $10,900, credit interest Revenue $327 Debit Sales $10,000 credit Accounts Receivable $10.900

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