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Business, 16.10.2019 00:10 josephvcarter

Harper company lends hewell company $40,000 on march 1, accepting a four-month, 6% interest note. harper company prepares financial statements on march 31. what adjusting entry should be made before the financial statements can be prepared?
a. notes receivable 40,000; cash 40,000
b. interest receivable 800; interest revenue 800
c. interest receivable 200; interest revenue 200
d. cash 200; interest revenue 200

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Harper company lends hewell company $40,000 on march 1, accepting a four-month, 6% interest note. ha...
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