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On October 1, 2018, Mandy's Electronic sold merchandise in exchange for a 4 month, $50,000 note receivable, with 3% interest. Interest revenue of $500 is

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On October 1, 2018, Mandy's Electronic sold merchandise in exchange for a 4 month, $50,000 note receivable, with 3% interest. Interest revenue of $500 is earned in 2018. Select one: True False

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