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Ginter Co prepares its financial statements annually at 12/31. Ginter Co. holds Kolar Inc.s $10,000, 120-day, 9% note. The note was issued on October 1.

Ginter Co prepares its financial statements annually at 12/31. Ginter Co. holds Kolar Inc.s $10,000, 120-day, 9% note. The note was issued on October 1. How much interest revenue will be accrued at 12/31 when Ginter prepares its year-end financial statements?

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