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The Randie Company lends the Luann Company $10,000 on April 1, accepting a four-month, 6% interest note. The Randie Company prepares financial statements on April
The Randie Company lends the Luann Company $10,000 on April 1, accepting a four-month, 6% interest note. The Randie Company prepares financial statements on April 30. What adjusting entry should the Randle Company make before the financial statements can be prepared? O a. Cash 50 Interest Revenue 50 O b. Note Receivable...................10,000. Cash 10,000 O c. Interest Receivab......... 200 Interest Revenue. 200 Od. Interest Receivable.................... 50 Interest Revenue ...................50
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