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Music Company made a loan of $ 1 1 , 6 0 0 to one of the company's employees on April 1 , Year 1
Music Company made a loan of $ to one of the company's employees on April Year The oneyear note carried a rate of interest. The amount of interest revenue that Music would report during the years ending December Year and Year respectively, would be:
$ and $
$ and $
$ and $
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