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On January 1, a company lends a corporate customer $186,000 at 5% interest. The amount of interest revenue that should be recorded for the quarter
On January 1, a company lends a corporate customer $186,000 at 5% interest. The amount of interest revenue that should be recorded for the quarter ending March 31 equals:
$2,325.
$775.
$9,300.
$3,100.
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