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Wrong Corp

Question 88

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Wrong Corp.receives a $7,000, 6-month, 4% note from Right Corp.in settlement of a past-due account receivable.What entry will Day Corp.make upon receiving the note? Wrong Corp.receives a $7,000, 6-month, 4% note from Right Corp.in settlement of a past-due account receivable.What entry will Day Corp.make upon receiving the note?

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