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Business, 24.04.2020 22:33 myaj580

Kaiven Company accepted a $12,000, 60-day, 6% note on December 21 from Diaz Co, granting a time extension on his past-due account receivable. The adjusting entry on December 31 would include a debit to:.
A. Interest Receivable for $20.
B. Interest Revenue foe $20.
C. Interest Revenue for $120.
D. Interest Receivable for $120.

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Kaiven Company accepted a $12,000, 60-day, 6% note on December 21 from Diaz Co, granting a time exte...
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