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Wara Simbu Ltd has an account receivable for K 1 2 0 0 0 from R . Morris that is overdue. Morris requested a 6

Wara Simbu Ltd has an account receivable for K12000 from R. Morris that is overdue. Morris requested a 60-day extension of the payment date and Cheung Ltd agreed by accepting a fixed 60-day, 12% promissory note in exchange for the accounts receivable. Cheung Ltd makes which entry to record collection of the promissory note from R. Morris including interest?

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