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Rent Co. has some outstanding notes receivable at their year end. In order to record the interest receivable, the journal entry will: A. Debit interest
Rent Co. has some outstanding notes receivable at their year end. In order to record the interest receivable, the journal entry will: A. Debit interest receivable and credit interest income B. Debit interest receivable and credit accounts receivable C. Debit interest income and credit interest receivable D. Debit interest receivable and credit notes receivable
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