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On September 1, 2019, a firm accepted a 6-month, 6% note for $48.000 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 $48.000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019. is Multiple Choice 524000 $2.88000 $96000 No accrual is necessary

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