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Carolina Supply accepted an eight-month, $16,000 note receivable, with 8% interest, from Reading Corporation on August 1, 2019. Carolina Supply's year end is December

Carolina Supply accepted an eight-month, $16,000 note receivable, with 8% interest, from Reading Corporation on August 1, 2019. Carolina Supply's year end is December 31. The amount of interest to be accrued on December 31, 2019 is A. $320 B. $533 OC. $1,280 OD. $853

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