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The carrying value of bonds at maturity always equals: On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as

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The carrying value of bonds at maturity always equals: On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on the maturity date assuming the maker pays in full and no adjusting entries have been made related to the note? (Use 360 daysa year) Debit Cash $8,670; credit Interest Revenue $170; credit Notes Receivable $8,500. O Debit Cash $8,500; cred it Notes Receivable $8,500. Debit Cash $8,628; credit Interest Revenue $128; credit Notes Receivable $8,500. Debit Cash $8,613; credit Interest Revenue $113; credit Notes Receivable $8,500 Debit Notes Receivable $8,500; debit Interest Recelvable $170; credlt Sales $8,670

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