Question: On March 1 4 , Teal Co . accepted a 1 2 0 - day, 6 % note in the amount of $ 1 0

On March

14,

Teal Co

.

accepted a

120 -

day,

6 %

note in the amount of $

10, 000

from AZC Co

.,

a customer. On the due date of the note, AZC honors the note and pays in full. The journal entry that Teal would make to record payment of this note would include a credit to:

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