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The entry to record the receipt of a check in settlement of an interest-bearing promissory note includes a debit to Cash, a credit to Notes
The entry to record the receipt of a check in settlement of an interest-bearing promissory note includes a debit to Cash, a credit to Notes Receivable, and a credit to:
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
