Question: In general journal form, give the entry required by Fidelity State when Coe paid the note discounted in Exercise 16.6 on the maturity date. In

In general journal form, give the entry required by Fidelity State when Coe paid the note discounted in Exercise 16.6 on the maturity date.

In exercise 16-6

On June 3, 2016, Fidelity State Company received a $4,800, 45-day, 10 percent note from Horace Coe, a customer whose account was past due.

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