Business, 18.03.2020 21:33 bsweeney3328
On December 1, Bright Company receives a 6% interest-bearing note from Galvalume Company to settle a $20,000 account receivable. The note is due in three months.
At December 31, Bright should record interest revenue of (rounded to the nearest dollar):
a) $100. b) $600. c) $0. d) $200.
Answers: 1
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On December 1, Bright Company receives a 6% interest-bearing note from Galvalume Company to settle a...
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