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H3Ko H3Ko
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7 years ago
On October 1, 2017, Miller, Inc. made a loan to one of its customers. The customer signed a 6-month note for $110,000 at 14%. How much interest revenue did the company record in 2018 for this note? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $7,700
B) $3,850
C) $2,567
D) $5,133
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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