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Practice Question 28 How much accrued interest should be reported on the payees December 31 balance sheet on a $5,000, 8%, 9-month note receivable issued

Practice Question 28

How much accrued interest should be reported on the payees December 31 balance sheet on a $5,000, 8%, 9-month note receivable issued on June 1?

400

33

233

300

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