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Red Company accepted a six-month, $12,000, 9% note issued by Blue Corporation on September 1, 2018. Assuming all necessary adjusting entries were made at year

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Red Company accepted a six-month, $12,000, 9% note issued by Blue Corporation on September 1, 2018. Assuming all necessary adjusting entries were made at year end December 31, 2018, the entry Red Co makes on the maturity date would include a A. B. C. credit to note receivable for $12,540 credit to interest revenue for $180 debit to interest payable for $360 debit to interest receivable for $360 credit to interest receivable for $540 E

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