cond Homework Assignment - S24 - Protected View - Saved
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Receivable
1,400
c) Allowance for
Uncoll. Accts
1,400
14) Which of the following is the correct way to record way to record the
collection of a note receivable of $4,000 plus $200 interest?
a) Cash
4,200
Notes
Receivable
4,000
b) Cash
4,000
Notes
Expense
1,400
Bad Debt
Expense
1,400
Interest
Revenue
200
Interest
Revenue
200