Calculate Interest on Promissory Note Receivable Dallas Company receives a six-month note from a customer....
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Accounting
Calculate Interest on Promissory Note Receivable
Dallas Company receives a six-month note from a customer. The note has a face amount of $8,000 and an interest rate of nine percent. What is the total amount of interest income to be received?
a. $720
b. $540
c. $360
d. $180
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