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On July 9, Mifflin Company receives an $8,600, 90-day, 12% note from customer Payton Summers...

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Accounting

On July 9, Mifflin Company receives an $8,600, 90-day, 12% note from customer Payton Summers to replace an account receivable. What entry should be made by Mifflin on July 9 to record receipt of the

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