Multiple Choice
If a bank statement included a bank collection of a note receivable and the related interest revenue,the journal entry to record this item should include a:
A) debit to Note Receivable and a credit to Cash.
B) debit to Cash and a credit to Note Receivable.
C) debit to Cash,credit to Note Receivable,and credit to Interest Revenue.
D) debit to Note Payable,credit to Cash and credit to Interest Revenue.
Correct Answer:

Verified
Correct Answer:
Verified
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