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Print Item On June 1, Davis Inc. Issued an $80, 400, 6%, 120-day note payable to Garcia Company. Assume that the fiscal year of
Print Item On June 1, Davis Inc. Issued an $80, 400, 6%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30. Using the 360-day year, what is the amount of interest revenue recognized by Garcia in the following year? Round your answer to the nearest whole dollar. CA 5904 Ob $1,219 O $402 $4,824
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
