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Question 6 (0.5 points) On March 11, 2021, Iron Man Company lends $120,000 to Dr. Strange Co. in exchange for a 60-day, 6% APR promissory

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Question 6 (0.5 points) On March 11, 2021, Iron Man Company lends $120,000 to Dr. Strange Co. in exchange for a 60-day, 6% APR promissory note, with all interest and principal due at maturity. Assuming the note is honored at maturity, and interest was accrued only on March 31, 2021, the journal entry on the maturity date includes a CREDIT to Interest Revenue for: (Use the 365-day convention, round your answer to nearest $1, and format as $XXX. Use $ sign. Example: $123) AJ Question 6 (0.5 points) On March 11, 2021, Iron Man Company lends $120,000 to Dr. Strange Co. in exchange for a 60-day, 6% APR promissory note, with all interest and principal due at maturity. Assuming the note is honored at maturity, and interest was accrued only on March 31, 2021, the journal entry on the maturity date includes a CREDIT to Interest Revenue for: (Use the 365-day convention, round your answer to nearest $1, and format as $XXX. Use $ sign. Example: $123) AJ

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