Question: Immediately after receiving a note from a customer, Ross discounted it at the bank and received the proceeds. Ross's entry on his books would be

Immediately after receiving a note from a customer, Ross discounted it at the bank and received the proceeds. Ross's entry on his books would be to __________. Question 12 options: debit Cash and credit Notes Payable debit Cash, credit Interest Income, and credit Notes Receivable debit Cash, debit Interest Expense, and credit Notes Receivable debit Notes Receivable, credit Cash, and credit Interest Income

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