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Question(s) / Instruction(s):

A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity.  The journal entry to recognize this event is

a)            debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; Credit Interest Revenue, $120

b)            debit Cash, $6,120; credit Notes Receivable, $6,120

c)            debit Notes Receivable, $6,060; credit Accounts Receivable, $6,060

d)            debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; Credit Interest Receivable, $120

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