Schleis Co. holds Murphy Inc.'s ($ 10,000,120)-day, (9 %) note. The entry made by Schleis Co. when
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Schleis Co. holds Murphy Inc.'s \(\$ 10,000,120\)-day, \(9 \%\) note. The entry made by Schleis Co. when the note is collected, assuming no interest has previously been accrued, is:
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a. Cash Notes Receivable b. Cash Notes Receivable c. Accounts Receivable Notes Receivable Interest Revenue d. Cash Notes Receivable Interest Revenue 10,300 | 10,000 | 10,300 10,300 10,300 10,000 10,000 300 10,000 300
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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