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On January 1, Portillo, Inc. lends a corporate customer $240,000 at 6% interest. The amount of interest revenue that should be recorded for the quarter

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On January 1, Portillo, Inc. lends a corporate customer $240,000 at 6% interest. The amount of interest revenue that should be recorded for the quarter ending March 31 equals: Multiple Choice $1,200. $4,800 O $14,400 O O O $3,600

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