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  3. 10. interest on a $15,000, one-year, 8 percent not

10. Interest on a $15,000, one-year, 8 percent note receivable dated October 1, 2016 of...

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Accounting

10. Interest on a $15,000, one-year, 8 percent note receivable dated October 1, 2016 of the current year was not recorded. Required: Prepare the adjusting entry required on December 31, 2016 for the interest earned on the note receivable.

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