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Windsor, Inc. lends Windsor, Inc. $43200 on April 1, accepting a four-month, 12% interest note. Windsor, Inc. prepares financial statements on April 30. What adjusting
Windsor, Inc. lends Windsor, Inc. $43200 on April 1, accepting a four-month, 12% interest note. Windsor, Inc. prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Interest Receivable 1296 Interest Revenue Interest Receivable 432 Interest Revenue Cash Interest Revenue 432 Note Receivable 43200 Cash 1296 432 432 43200
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