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Fast2F Fast2F
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Posts: 1470
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7 years ago
The entry to record the cash received on a customer's note discounted at less than face value would include a:
A) debit to notes receivable.
B) debit to interest expense.
C) credit to interest income.
D) All of the above
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
Read 63 times
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keytwokeytwo
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Posts: 710
7 years ago
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Fast2F Author
wrote...
7 years ago
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart
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