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Posted on Aug 15, 2024

On August 1, 2024, a company lends cash and accepts a $17,000 note receivable that offers 6% interest and is due in nine months. How

On August 1, 2024, a company lends cash and accepts a $17,000 note receivable that offers 6% interest and is due in nine months. How would the company record the year-end adjusting entry to accrue interest in 2024? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

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