On December 1, 2018, Davenport Company sold merchandise to a customer for $20,000. In payment for the

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On December 1, 2018, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer signed a 6% note requiring the payment of interest and principal on March 1, 2019. How much interest revenue will the company recognize during 2018? In 2019?
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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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