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On July 1,2024, Green Company accepted a one - year, 6% note for $5,000 in...

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Accounting

On July 1,2024, Green Company accepted a one - year, 6% note for $5,000 in settlement of an overdue account receivable. The accounting period ends on December 31. What would be the journal entry to record the accrued interest at year-end?
A. Interest Revenue 150 Interest Receivable 150
B. Interest Receivable 300 Cash 300
C. Interest Receivable 150 Interest Revenue 150
D. Interest Receivable 300 Interest Revenue 300
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