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Question 8 1 pts A $50,000, 90-day, 12% note receivable has been dishonored. (No new note has been received.) The entry to record this event

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Question 8 1 pts A $50,000, 90-day, 12% note receivable has been dishonored. (No new note has been received.) The entry to record this event by the payee would include a: credit to Notes Receivable of $51,500. debit to Accounts Receivable of $51,500. credit to Notes Receivable Dishonored of $50,000. debit to Notes Receivable of $50,000

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