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On January 1, Portillo, Incorporated lends a corporate customer $180,000 at 8% interest. The amount...

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Accounting

On January 1, Portillo, Incorporated lends a corporate customer $180,000 at 8% interest. The amount of interest revenue that should be recorded for the quarter ending March 31 equals: Multiple Choice $4,800. $3,600. $1,200. $14,400.

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