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On August 1, 2021, Turner Manufacturing lends cash and accepts a $21,000 note receivable that offers 6% interest and is due in nine months. How
On August 1, 2021, Turner Manufacturing lends cash and accepts a $21,000 note receivable that offers 6% interest and is due in nine months. How would Turner record the year-end adjustment to accrue interest in 2021? (Do not round intermediate calculations. Round your answer the nearest dollar amount.) B. Interest Revenue 589 Interest Receivable 589 Interest Receivable 1,260 Interest Revenue 1,260 Interest Receivable 589 Interest Revenue 589 Interest Receivable 525 Interest Revenue 525 Multiple Choice Option C O O Option B Option A 0 0 Option D
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