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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 9: Accounting for Receivables
  5. Question
    A Company Received a $15,000, 90-Day, 10% Note Receivable
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A Company Received a $15,000, 90-Day, 10% Note Receivable

Question 162

Question 162

True/False

A company received a $15,000, 90-day, 10% note receivable. The journal entry to record receipt of the note includes a debit to Notes Receivable.

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