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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
Multiple Choice
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debit Notes Receivable.
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credit Notes Receivable.
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credit Notes Payable.
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debit Notes Payable.
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