QUESTION 9 Hart Inc. received a 5%, four-month note receivable from a customer...
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Accounting
QUESTION
Hart Inc. received a fourmonth note receivable from a customer in settlement of an existing account receivable of $ The accounting entry for acquisition of the note will:
Include a debit to Notes Receivable for $
Include a debit to Notes Receivable for $
Include a credit to Interest Revenue for $
Include a debit to Notes Receivable for $ and no entry for interest.
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