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Question 31 (0.125 points) Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co....

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Accounting

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Question 31 (0.125 points) Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Debit Notes Receivable for $25,000; credit Cash $25,000. Debit Accounts Receivable $25,000; credit Notes Receivable $25,000. Debit Cash $25,000; credit Notes Receivable for $25,000. Debit Notes Payable $25,000; credit Accounts Payable $25,000. Debit Notes Receivable $25,000; credit Sales $25,000

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