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The journal entry to record the collection of the amount due on an interest-bearing promissory note from a customer would debit Cash, credit Interest Income,

The journal entry to record the collection of the amount due on an interest-bearing promissory note from a customer would debit Cash, credit Interest Income, and

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  • debit Notes Receivable.

  • credit Notes Receivable.

  • credit Notes Payable.

  • debit Notes Payable.

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