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wokera&takeAssignmentSessionlocator -&inprogress=false Calculator Accent Flooring The company received a promissory note from a customer on March 1, 2019. The principal amount of the note is

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wokera&takeAssignmentSessionlocator -&inprogress=false Calculator Accent Flooring The company received a promissory note from a customer on March 1, 2019. The principal amount of the note is $20,000; the terms are 3 months and 9% annual interest. Refer to the information for Accent Flooring. At the maturity date, the customer pays the amount due for the note and interest. What entry is required on the books of Accent Flooring on the maturity date assuming that none of the interest had already been recognized? a. Increase Cash by $20,450, increase Notes Receivable by $20,000, and increase Interest Revenue by $450 b. Increase Cash by $20,450, increase Interest Revenue by $450, and decrease Notes Receivable by $20,000 c. Increase Cash and decrease Notes Receivable by $20,000 d. No entry is required; the customer pays the amount due to Accent Flooring

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