Rodriguez, Inc. received an $8,00030-day, 9% note dated December 21. On December 31, Rodriguez made...

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Accounting

Rodriguez, Inc. received an $8,00030-day, 9% note dated December 21. On December 31, Rodriguez made the necessary adjusting entry to accrue interest income on the note. What is the financial statement effect to Rodriguez for the payment of the note on January 20?

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