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On October 1, Black Company receives a 8% interest-bearing note from Reese Company to settle a $19,000 account receivable. The note is due in
On October 1, Black Company receives a 8% interest-bearing note from Reese Company to settle a $19,000 account receivable. The note is due in 6 months. On December 31, Black should record interest revenue of Oa. $377 Ob. $390 Oc. $387 Od. $380
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At Dec 31 Interest revenue is to recognised for the ...
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