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Required information [The following information applies to the questions displayed below.] Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of
Required information
[The following information applies to the questions displayed below.]
Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $525,000, and the interest rate of the notes averaged 4.2%.
Required:
a-1. Calculate the amount of interest revenue earned by Husemann Co. during fiscal 2019.
AMOUNT____
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