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    Principles of Accounting Study Set 1
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    Exam 9: Receivables
  5. Question
    The Holder of a Note Adjusts for Accrued Interest by Debiting
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The Holder of a Note Adjusts for Accrued Interest by Debiting

Question 21

Question 21

True/False

The holder of a note adjusts for accrued interest by debiting Interest Receivable and crediting Interest Income.

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