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On October 1, Peacock, Inc. lends a business associate $180,000 and accepts a 8%, 9 month note. The amount of interest revenue that should be

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On October 1, Peacock, Inc. lends a business associate $180,000 and accepts a 8%, 9 month note. The amount of interest revenue that should be recorded for the year ending December 31 equals: Multiple Choice $14,400. $3,600. $4,800. $1,200

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