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    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 8: Receivables
  5. Question
    If a Customer Owes Interest on a Bill, Accounts Receivable
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If a Customer Owes Interest on a Bill, Accounts Receivable

Question 75

Question 75

True/False

If a customer owes interest on a bill, Accounts Receivable is debited, and Interest Expense is credited.

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