On August 1,2013,Ace Corporation Accepted a Note Receivable in Place

question 162

Multiple Choice

On August 1,2013,Ace Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $123,965.The note is due in 90 days and has an interest rate of 8%.What would be the appropriate journal entry to record the receipt of cash at the maturity date?

Understand the distinction and roles of different cyclooxygenases (COX) enzymes in the body.

Identify non-anti-inflammatory analgesics.

Recognize the risks and precautions necessary for patients with specific medical conditions when using OTC analgesics.

Recommend appropriate over-the-counter analgesics for individuals with hypertension.

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