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Business, 21.04.2020 16:16 jeurycruz15p6vpch

Terps Company received a promissory note from a customer on October 1, 2019. The principal amount of the note is $25,000; the terms are 8 months and a 6% annual interest. Assuming the accounting period ends on December 31, determine the interest revenue recorded by the company for the year ending on December 31, 2020

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Terps Company received a promissory note from a customer on October 1, 2019. The principal amount of...
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