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On December 11,2016 , Hoover gave a $20,000,60-day, 9% note to Jay in payment of an account. On December 31,2016, Jay should record: (use 360

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On December 11,2016 , Hoover gave a $20,000,60-day, 9% note to Jay in payment of an account. On December 31,2016, Jay should record: (use 360 days in your calculation) $100 interest income $100 interest expense $300 interest income $300 interest expense

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