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On September 1, 2021, Middleton Corp. lends cash and accepts a $17,000 note...

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Accounting

On September 1, 2021, Middleton Corp. lends cash and accepts a $17,000 note receivable that offers 9% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2022? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

Multiple Choice

  • $255.

  • $392.

  • $279.

  • $525.

Answer & Explanation Solved by verified expert
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