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Vaughn Company lends Cullumber Company $11300 on April 1, accepting a four-month, 6% interest note. Vaughn Company prepares financial statements on April 30. What adjusting
Vaughn Company lends Cullumber Company $11300 on April 1, accepting a four-month, 6% interest note. Vaughn Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? 57 O Cash Interest Revenue 57 57 O Interest Receivable Interest Revenue 57 226 O Interest Receivable Interest Revenue 226 11300 O Note Receivable Cash 11300 Save for Later Attempts: 0 of 1 used Submit
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