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Business, 07.05.2020 11:58 lobatospitones

Paper Company receives a $6,000, 3-month, 6% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? Group of answer choices Notes Receivable—Dame Company 6,000 Accounts Receivable—Dame Company 6,000 Notes Receivable—Dame Company 6,090 Accounts Receivable—Dame Company 6,090 Notes Receivable—Dame Company 6,000 Interest Revenue 90 Accounts Receivable—Dame Company 6,000 Interest Receivable 90 Notes Receivable—Dame Company 6,090 Accounts Receivable—Dame Company 6,000 Interest Revenue 90

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Paper Company receives a $6,000, 3-month, 6% promissory note from Dame Company in settlement of an o...
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