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On December 1,2013,a Company Accepted a $6,000,9%,3-Month Note from a Customer

Question 56

Multiple Choice

On December 1,2013,a company accepted a $6,000,9%,3-month note from a customer in payment of his overdue account.The company prepares year-end financial statements on December 31.What entry should the company make on March 1,2014,when the note and interest are paid? On December 1,2013,a company accepted a $6,000,9%,3-month note from a customer in payment of his overdue account.The company prepares year-end financial statements on December 31.What entry should the company make on March 1,2014,when the note and interest are paid?   A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

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