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On October 1, Black Company receives a 4% interest bearing note from Reese Company to...

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Question

Accounting

On October 1, Black Company receives a 4% interest bearing note from Reese Company to settle a $22,600 account receivable. The note is due in six months. At December 31, Black should record interest revenue of the value listed below.

Select the correct answer.

$223

$226

$233

$236

Answer & Explanation Solved by verified expert
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