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Save & Exit Uniform Supply accepted a $7,600, 90-day, 6% note from Tracy Janitorial on October 17. What entry should Uniform
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Answer #1

Answer:

Option a is correct

Date General Journal Debit ($) Credit ($)
January 15 Cash account 7,714
Interest revenue account (7600*6%*15/360) 19
Interest receivable account (7600*6%*75/360) 95
Notes receivable account 7,600
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