Multiple Choice
If a bank reconciliation included a credit memo for a $2,000 note collected with an additional $20 of interest revenue, the entry to record this reconciling item would include a:
A) credit to note receivable for $2,020.
B) credit to cash for $2,020.
C) debit to cash for $2,020.
D) No entry is required.
Correct Answer:

Verified
Correct Answer:
Verified
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