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on november 1, jovel company loaned another company $100,000 at a 6% interest rate. The note receivable plus interesr will not be collected until march

on november 1, jovel company loaned another company $100,000 at a 6% interest rate. The note receivable plus interesr will not be collected until march 1 of the following year. the companys accounting period ends on december 31. the amount of interest revenue that should be reported in the first year is what?

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