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QUESTION 21 On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,000 account receivable. The note is due

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QUESTION 21 On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,000 account receivable. The note is due in six months. At December 31, Black should a $450 b. $1,800 c. $900 record interest revenue of d. SO

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