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On October 1 Year 1 a company sold services to a customer and accepted a note in exchange with a 5120,000 face amount and an

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On October 1 Year 1 a company sold services to a customer and accepted a note in exchange with a 5120,000 face amount and an interest rate of 10% The note requires that both the principal and interest be paid at the maturity date, December 1, Year 2. The company s accounting period is the calendar year. What adjusting entry (related to this note) will be required at December 31. Year 1 on the company's books? O A. Deferred interest income $3.000 Interest receivable $3,000 OB $3,000 $3,000 OC. $3,000 Interest receivable Deferred interest income Interest receivable Interest income Interest income Interest receivable $3,000 $3,000 OD. $3,000

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