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Question 1 3 pts On October 1, 2019, Barrymore, Inc. provided services to a customer on account. The customer signs a four-month, 8% note for

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Question 1 3 pts On October 1, 2019, Barrymore, Inc. provided services to a customer on account. The customer signs a four-month, 8% note for $6,000. The customer must pay Barrymore, Inc. on January 31, 2020 the $6,000 plus interest on the note. How would Barrymore record the transaction on October 1, 2019? DR Note Receivable $6,000 DR Interest Receivable $480 CR Service Revenue $6,480 DR Note Receivable $6,000 CR Service Revenue $6,000 DR Note Receivable $6,000 CR Cash $6,000 O DR Interest Receivable $160 CR Interest Revenue $160 Question 2 3 pts On October 1, 2019. Barrymore, Inc. provided services to a customer on account. The customer signs a four-month, 8% note for $6,000. The customer must pay Barrymore, Inc. on January 31, 2020 the $6,000 plus interest on the note. How much interest revenue will Barrymore, Inc. report in its income statement for the year ended 12/31/19 regarding this loan? $0 $480 O $160 O $120

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