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    Financial Accounting Study Set 26
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    Exam 4: Cash and Receivables
  5. Question
    The Journal Entry for a Note Collected by the Bank
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The Journal Entry for a Note Collected by the Bank

Question 43

Question 43

True/False

The journal entry for a note collected by the bank with interest requires a debit to Cash and a credit to both Note Receivable and Interest Revenue.

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