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please solve LS-6 Tool loaned $30,000 for 2 months to another corporation on November 30, 2020 (due January 31, 2021) and received an 8% note

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LS-6 Tool loaned $30,000 for 2 months to another corporation on November 30, 2020 (due January 31, 2021) and received an 8% note for the principal amount of the loan ($30,000). Assuming interest/principal are due at maturity (i.e. LS-6 will not receive any cash until January 31, 2021), and that LS-6 recorded all necessary accrual journal entries as of December 31, 2020 (year-end), what entry should LS-6 make on January 31, 2021 assuming full cash payment is received on that date? Cash 30,400 Note Receivable 30,000 Interest Receivable 200 Interest Income 200 Cash 400 Interest Income 400 Cash 30,000 Note Receivable 30,000 Cash 30,400 Note Receivable 30,000 Interest Income 400 No entry is required at January 31, 2021

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