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What is the answers and explains your answers On July 1, 2015, Herzog Mining lends cash and accepts a exist9,000 note receivable that offers 10%
What is the answers and explains your answers On July 1, 2015, Herzog Mining lends cash and accepts a exist9,000 note receivable that offers 10% interest and is due in nine months. How would Herzog record the transaction on April 1, 2016, when the borrower pays Herzog the correct amount owed? Credits sales are recorded as: A. Debit Cash credit Unearned Revenue. B Debit Service Revenue, credit Accounts Receivable C. Debit Cash, credit Service Revenue. D. Debit Accounts Receivable, credit Service Revenue. A company provides services on account. Indicate how this transaction would affect the following five financial statement items: A. Option a. B. Option b. C. Option c. D. Option d
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