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Posted on Aug 07, 2024

Please explain in detail. NotesReceivable On November 1 Year 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning

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NotesReceivable On November 1 Year 1, Terrell \& Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $11,000. In payment for the services, Whole Grain Bakery signs a 9% note requiring the payment of the face amount and interest to Terrell \& Associates on May 1 Year 2. How much interest revenue did Terrell \& Associates earn in Year 1 and Year 2

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