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On November 1, Orpheum Company accepted a $12,100, 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 $12,100, 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 $12,100; credit Sales $12,100. Debit Sales $12,100; credit Accounts Receivable $12,100. Debit Note Receivable $12,100; credit Cash $12,100. Debit Note Receivable $12,100; credit Accounts Receivable $12,100. Debit Note Receivable $12,463; credit Accounts Receivable $12,100; credit Interest Revenue $363

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