On December 1, 2021, Davenport Company sold merchandise to a customer for $37,000. In payment...
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Accounting
On December 1, 2021, Davenport Company sold merchandise to a customer for $37,000. In payment for the merchandise, the customer signed a 6% note requiring the payment of interest and principal on March 1, 2022. How much interest revenue will the company recognize during 2021 and 2022? (Do not round intermediate calculations.)
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