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On September 1, 2019, a firm accepted a 6-month, 6% note for $40,000 from a customer with an overdue account balance. The accrued interest recorded
On September 1, 2019, a firm accepted a 6-month, 6% note for $40,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is
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$800.00
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No accrual is necessary
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$200.00
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$2,400.00
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