Question: Question 16 (2.5 points) Saved Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000, 6%, 60-day note dated December 1,
Question 16 (2.5 points) Saved Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000, 6%, 60-day note dated December 1, 2015 from Jill Bach granting an extension on her past-due account receivable. (If necessary, round to the nearest dollar). Question 5 of 5: Preston's entry to record the collection of this note at maturity includes a credit to: O Cash, $20,200. Note Receivable, $20,000. Interest Receivable, $200. Interest Revenue, $200
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