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A Bill Receivable Was NOT Paid at Maturity

Question 66

Multiple Choice

A Bill receivable was NOT paid at maturity. Which of the following will be included in the journal entry to record the dishonouring of the bill at maturity?


A) A debit to Cash
B) A debit to Bad debts expense
C) A debit to Accounts receivable
D) A debit to Interest expense

Correct Answer:

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