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Business, 18.07.2020 16:01 ozzy55

A company receives interest on a $86000, 8%, 5-year note receivable each April 1. At December 31, 2017, the following adjusting entry was made to accrue interest receivable: Interest Receivable5160 Interest Revenue 5160 Assuming that the company does not use reversing entries, what entry should be made on April 1, 2018 when the annual interest payment is received

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A company receives interest on a $86000, 8%, 5-year note receivable each April 1. At December 31, 20...
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