Question: 2010 Dec16 Accepted a $9,600, 60-day, 9% note dated this day in granting Todd Duke a time extension on his past-due account receivable. Dec31: Made

2010 Dec16 Accepted a $9,600, 60-day, 9% note dated this day in granting Todd Duke a time extension on his past-due account receivable. Dec31: Made an adjusting entry to record the accrued interest on the Duke note. 31. Interest receivable (Debit)?..... Interest Revenue( Credit)

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