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Record the collection of the note and interest

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Question: On March 9, Hill gave McGraw Company a 60-day, 10% promissory note for $2,500. Hill honors the note on May 9. Record the collection of the note and interest by McGraw assuming that no interest has been accrued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Reference no: EM132728896

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