ACC 291 Week 1 chapter 8 quiz

Feb 3rd, 2012
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Ashford University
Course: ACC 291
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Ginter Co. holds Kolar Inc.¿s $10,000, 120-day, 9% note. The entry made by Ginter Co. when the note is collected, assuming no interest has been previously accrued, is: a. Cash 10,300 Notes Receivable 10,300 b. Cash 10,000 Notes Receivable 10,000 Accounts Receivable 10,300 Notes Receivable 10,000 Interest Revenue 300 d. Cash 10,300 Notes Receivable 10,000 Interest Revenue 300

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