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On December 1, 2018, Davenport Company sold merchandise to a customer for $38,000. In payment for the merchandise, the customer signed a 9% note requiring

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On December 1, 2018, Davenport Company sold merchandise to a customer for $38,000. In payment for the merchandise, the customer signed a 9% note requiring the payment of interest and principal on March 1, 2019. How much interest revenue will the company recognize during 2018 and 2019

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