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On August 1, 2023, Perseus Products sold Medusa Manufacturing $600,000 of goods in exchange for a four-year, zero-interest-bearing note. If the face amount of the
On August 1, 2023, Perseus Products sold Medusa Manufacturing $600,000 of goods in exchange for a four-year, zero-interest-bearing note. If the face amount of the note was $816,293, how much interest revenue should Perseus report related to this transaction on December 31, 2023? Select answer from the options below $85,030 $28,000 $48,000 $20,000
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