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which is the right answer Morgan Group makes a loan to Marie Co. and receives in exchange a three-year, (10,000 note bearing interest at 10

which is the right answer

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Morgan Group makes a loan to Marie Co. and receives in exchange a three-year, (10,000 note bearing interest at 10 percent annually. The market rate of interest for a note of similar risk is 12 percent. When you prepare the journal entry to record the receipt of the note, what is the amount you will record? Notes Receivable ? Cash O 9,430 O 9,344 O 9,201 O 9,520Morgan Group makes a loan to Marie Co. and receives in exchange a three-year, (10,000 note bearing interest at 10 percent annually. The market rate of interest for a note of similar risk is 12 percent. When you prepare the journal entry to record the receipt of the note, what is the amount you will record? Notes Receivable ? Cash O 9,430 O 9,344 O 9,201 O 9,520

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