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3.35 QUESTION 8 On November 1, 20X1. ABC Co. received a $30,000 note receivable from a client for services rendered. The note receivable will be

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3.35 QUESTION 8 On November 1, 20X1. ABC Co. received a $30,000 note receivable from a client for services rendered. The note receivable will be due on February 1, 20x2 with interest at 4% per year. ABC Co adjusts its books monthly. What is the total amount of interest income on this note receivable for the fiscal year ended December 31, 20X12 a $1,200 b $100 C. $300 d $200

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