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On June 1, Davis Inc. Issued an $84,000,5%,120-day note payable to Garda Company. Assume that the fiscal year of Garcia ends June 30 . Using

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On June 1, Davis Inc. Issued an $84,000,5%,120-day note payable to Garda Company. Assume that the fiscal year of Garcia ends June 30 . Using a 360-day year, what is the amount of interest revenue recognized by Garcia in the following year? a. $1.600 b. 51.062 c. 54.200 d. 5700

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