On October 1, Black Company receives a 4% interest bearing note from Reese Company to...
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Accounting
On October 1, Black Company receives a 4% interest bearing note from Reese Company to settle a $22,200 account receivable. The note is due in six months. At December 31, Black should record interest revenue of the value listed below.
On October 1, Black Company receives a 4% interest bearing note from Reese Company to settle a $22,200 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. $222 $232 $229 $219
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