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On December 1,2015,Parsons Inc sold machinery to a customer for $20,000. The customer could not pay at the time of sale but agreed to pay

On December 1,2015,Parsons Inc sold machinery to a customer for $20,000. The customer could not pay at the time of sale but agreed to pay 9 months later and signed a 9 month note at 9% interest. How much interest revenue was earned in the year 2016?

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