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Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January.Date Face Amount Term Interest Rate5. Nov. 15 $54,000 60days 6%6. Dec. 27 $40,500 30days 4%
Note Due Date Interest Due At Maturity(5) Jan 14: $540(6) Jan 26: $135
What is the Interest Receivable and Interest Revenue?
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