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Rosen Company receives a $9.000, 3-month, 6% promissory note from Bay Company in settlement of an open accounts receivable. What entry will Rosen Company make

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Rosen Company receives a $9.000, 3-month, 6% promissory note from Bay Company in settlement of an open accounts receivable. What entry will Rosen Company make upon receiving the note? Notes Receivable 9,135 9,135 Accounts Receivable-Bay Company Notes Receivable 9,135 Accounts Receivable-Bay Company 9,000 135 Interest Revenue Notes Receivable 5.000 Interest Receivable 135 Accounts Receivable--Bay Company 9,000 Interest Revenue 135 Notes Receivable 9,000 Accounts Receivable Bay Company 9,000 Question 4 The collection of a $900 account beyond the 2 percent discount period will result in a debit to cash for $882. debit to Accounts Receivable for $900. debit to Cash for $900. debit to Sales Discounts for $18

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