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On October 1, Black Company receives a 6% interest-bearing note from Reese Company to settle a $17,400 account receivable. The note is due in six

On October 1, Black Company receives a 6% interest-bearing note from Reese Company to settle a $17,400 account receivable. The note is due in six months. At December 31, Black should record interest revenue of a. $258 b. $261 Oc. $268 C. Od. $271

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