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Question 15 (2.5 points) Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000,6%, 60-day note dated December 1, 2019 from
Question 15 (2.5 points) Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000,6%, 60-day note dated December 1, 2019 from Jill Bach granting an extension on her past-due account receivable. (If necessary, round to the nearest dollar). Question 4 of 5: The adjusting entry at December 31, 2019 (the end of Preston's fiscal year) includes a: O credit to InterestyRevenue, $600. debit to Interest Receivable, $1,200. credit to Interest Revenue, $100. debit to Interest Receivable, $200
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