Business, 05.07.2020 05:01 ubdental

On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,000 account receivable. The not is due in six months. At December 31, Black should record interest revenue of a. $0
b. $450
c. $900
d. $1800

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On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,0...