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On December 1, 2021, Davenport Company sold merchandise to a customer for $26,000. In payment for the merchandise, the customer signed a 9% note requiring
On December 1, 2021, Davenport Company sold merchandise to a customer for $26,000. In payment for the merchandise, the customer signed a 9% note requiring the payment of interest and principal on March 1, 2022. How much interest revenue will the company recognize during 2021 and 2022? (Do not round intermediate calculations.) 2021 2022 Interest revenue
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