Business, 09.06.2020 19:57 aubreymoore4553
On October 1, Black Company receives a 10% interest bearing note from Reese Company to settle an $21,800 account receivable. The note is due in six months. At December 31, Black should record interest revenue of:
a. $0
b. $450
c. $900
d. $1,800
Answers: 3
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On October 1, Black Company receives a 10% interest bearing note from Reese Company to settle an $21...
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