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On February 1st, 2022, William Eyelash bank lends $1,000 to a customer and issues a 9 month note receivable with an annual interest rate of
On February 1st, 2022, William Eyelash bank lends $1,000 to a customer and issues a 9 month note receivable with an annual interest rate of 6%. Principle and interest are payable October 31st. What is the interest revenue that will be reported on William's 2022 income statement (12/31/2022)
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