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On October 1. Black Company receives a 6% interest bearing note from Reese Company to settle a $20,000 account receivable. The note is due in

On October 1. Black Company receives a 6% interest bearing note from Reese Company to settle a $20,000 account receivable. The note is due in six months. At December 31, what journal entry should Black record to accrue interest? TTT Ariel (12pt) T.EE Qiy Words

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