Assume that on December 1, a note which has a face value of $1,000, bears interest at 6 percent for 90 days, received from a customer as an extension of his of past - due account is honored on due date. The entry that would be made to record the receipt on due date (ignoring interest) is:

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The Answer of Assume that on December 1, a note which has a face value of $1,000, bears interest at 6 percent for 90 days, received from a customer as an extension of his of past - due account is honored on due date. The entry that would be made to record the receipt on due date (ignoring interest) is:

Assume That on December 1, a Note Which Has a Face