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5) On November 1, 2018, a firm accepted a 4-month, 10 percent note for $900 from Skip Towne, a customer with an overdue balance. The
5) On November 1, 2018, a firm accepted a 4-month, 10 percent note for $900 from Skip Towne, a customer with an overdue balance. The accrued interest recorded for this note for the year ended December 31, 2018, is
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