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Upon collection of the amount due on a $23,000 face value, 30-day note with interest at 12 percent, the Note Receivable account is Multiple Choice

Upon collection of the amount due on a $23,000 face value, 30-day note with interest at 12 percent, the Note Receivable account is

Multiple Choice

debited for $25,760.

credited for $23,000.

credited for $23,230.

debited for $23,000.

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