A promissory note is executed in June. When the note is paid the following January, the payee's entry includes (assuming a calendar-year accounting period and no reversing entries) a
A) debit to Interest Income.
B) credit to Cash.
C) credit to Interest Receivable.
D) debit to Notes Receivable.
C
Business
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D. 
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What will be an ideal response?
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Indicate whether the statement is true or false
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What will be an ideal response?
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