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Upon Collection of the Amount Due on a $6,000 Face

Question 75

Multiple Choice

Upon collection of the amount due on a $6,000 face value,90-day note with interest at 10 percent a year,the Note Receivable account is


A) debited for $6,600.
B) credited for $6,000.
C) credited for $6,150.
D) debited for $6,000.

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