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Young Company lends Dobson industries $40,000 on August 1, 2017, accepting a 9- month,9% interest note. If Young prepares its financial statements as of December

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Young Company lends Dobson industries $40,000 on August 1, 2017, accepting a 9- month,9% interest note. If Young prepares its financial statements as of December 31, 2017, what adjusting entry must it make? 1,500 Notes Receivable 1,500 Interest Revenue 1,500 Interest Receivable 1,500 Interest Revenue 1,500 Cash 1,500 Interest Revenue 1,500 Accounts Receivable 1,500 Interest Receivable

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