Question
On October 1, Black Company receives a 8% interest-bearing note from Reese Company to settle a $20,200 account receivable. The note is due in 6
On October 1, Black Company receives a 8% interest-bearing note from Reese Company to settle a $20,200 account receivable. The note is due in 6 months. On December 31, Black should record interest revenue of a. $404 b. $401 c. $414 d. $411
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Fundamentals of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W Maher
6th edition
1259969479, 1259565408, 978-1259969478
