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Question 47 (4 points) On September 16, 2019, Kako Corp accepts a $35,000, 160-day, 9.5% note from a customer in granting an extension on a

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Question 47 (4 points) On September 16, 2019, Kako Corp accepts a $35,000, 160-day, 9.5% note from a customer in granting an extension on a past-due account. When Kako's accounting period ends on December 31, what would be the adjusting entry for 2019? a) Debit Interest Receivable 498.75 b) Credit Interest Revenue 498.75 c) Credit Interest Revenue 979.03 d) Debit Interest Receivable 979.03

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