Match each account with its description.
A. Account to debit when receivables and interest are collected.
B. Informal credit arrangements with trade customers.
C. Account to debit when interest accrues at the end of the year.
D. Formal signed credit arrangements between a creditor and a debtor.
E. Account to credit when interest accrues at the end of the year.
A. Cash
B. Accounts receivable
C. Interest receivable
D. Notes receivable
E. Interest revenue
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A) –14% B) –2% C) 12% D) 14%