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On October 1 , Black Company receives a 8% interest-bearing note from Reese Company to settie a $19,000 account receivable. The note is due in

On October 1 , Black Company receives a 8% interest-bearing note from Reese Company to settie a $19,000 account receivable. The note is due in 6 mosths, On December 31 , Black should record interest revenue of a. 5377 b. $399 c. 5387 d. 5380

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