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On November 19, Nicholson Company receives a $23,400, 60-day, 10 % note from a customer as payment on account. What adjusting entry should be
On November 19, Nicholson Company receives a $23,400, 60-day, 10 % note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end? (Use 360 days a year.) Multiple Choice Debit Notes Receivable $117, credit Interest Revenue $117. Debit Interest Revenue $390; credit Interest Receivable $390 Debit Notes Receivable $273, credit Interest Receivable $273. Debit Interest Receivable $390; credit Interest Revenue $390 Dehit Interest Receivable $273 credit Interest Revenue $273
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