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Nance CoHolds Gant Inc

Question 146

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Nance Co.holds Gant Inc.'s $30,000, 120-day, 9% note.The entry made by Nance Co.when the note is collected, assuming no interest has previously been accrued is: Nance Co.holds Gant Inc.'s $30,000, 120-day, 9% note.The entry made by Nance Co.when the note is collected, assuming no interest has previously been accrued is:

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