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On August 1, 2018, Turner Manufacturing lends cash and accepts a $23,000 note receivable that offers 12% interest and is due in nine months. How

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On August 1, 2018, Turner Manufacturing lends cash and accepts a $23,000 note receivable that offers 12% interest and is due in nine months. How would Turner record the year-end adjustment to accrue interest in 2018? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice Interest Receivable Interest Revenue interest Receivable Interest Revenue BAL interest Receivable Interest Revenue 27 interest Revenue Interest Receivable 119

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