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The amount of cash or lected at maturity on a $ 4,000 note is $4,200. If $ 120 of the interest has been accrued prior

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The amount of cash or lected at maturity on a $ 4,000 note is $4,200. If $ 120 of the interest has been accrued prior to maturity. the entry to record the honouring of the note at maturity should include a credit to interest Revenue for $ 80. Select one: True False

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