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On February 1, 2021, Sanger Corp. lends cash and accepts a $11,000 note receivable that offers 12% interest and is due in six months. What

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On February 1, 2021, Sanger Corp. lends cash and accepts a $11,000 note receivable that offers 12% interest and is due in six months. What would Sanger record on August 1, 2021, when the borrower pays Sanger the correct amount owed? (Do not round intermediate calculations.) 11,660 440 11,220 11,000 11,000 Cash Interest Revenue Notes Receivable B. Cash Accounts Receivable C. Cash Interest Revenue Notes Receivable 0. Cash Notes Receivable 11,660 660 11,000 11,660 11,660

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