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Assume Sharp Electronics loaned $11,000 to an employee on July 1, 2019, creating a note that requires the employee to pay principle and 4% interest

Assume Sharp Electronics loaned $11,000 to an employee on July 1, 2019, creating a note that requires the employee to pay principle and 4% interest on June 30, 2020. Calculate the amount of Interest Receivable and Interest Revenue to be recorded on December 31, 2019?

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