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Uniform Supply accepted a $11,700, 90-day, 8% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? (Assume reversing entries are not made

User Epic Eric
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2 Answers

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Answer:

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Step-by-step explanation:

User Mark Beckwith
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Answer:

Debit Cash $7,326; credit Interest Revenue $21; credit Interest Receivable $105; credit Notes Receivable $7,200.

User Jrue
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