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Business, 01.08.2019 17:00 fespinoza019

Deere company holds a $10,000 note receivable dated july 1, 2015, with 10% interest. what adjusting entry is needed on december 31, 2015? a. no entry is needed. b. debit interest receivable for $500 and credit interest revenue for $500 c. debit interest receivable for $1,000 and credit interest revenue for $1,000 d. debit interest receivable for $100 and credit interest revenue for $100

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Deere company holds a $10,000 note receivable dated july 1, 2015, with 10% interest. what adjusting...
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