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Brooke Company grants James Decorating additional time to pay its past-due account. James makes a written promise to pay Brooke the amount on a certain date. James records this transaction by debiting A. Notes Receivable and crediting Accounts Receivable. B. Cash and crediting Accounts Receivable. C. Accounts Receivable and crediting Notes Receivable. D. Accounts Payable and crediting Notes Payable.

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spraguer (Moderator)
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