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On December 1, Y5, Aylmer Inc lent $12,000. The note was for 4 months with an interest rate of 6%. Aylmer has a December 31
On December 1, Y5, Aylmer Inc lent $12,000. The note was for 4 months with an interest rate of 6%. Aylmer has a December 31 year end. What amount should Aylmer record as interest income at December 31, Y5?
Please enter your answer as a dollar amount. Ex: $12,345
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