How much interest revenue should Avonette accrue on December 31, 2018? a. $4,500 b. $2,425 c. $1,875

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How much interest revenue should Avonette accrue on December 31, 2018?
a. $4,500
b. $2,425
c. $1,875
d. $2,250

On August 1, 2018, Avonette, Inc., sold equipment and accepted a six-month, 9%, $50,000 note receivable. Avonette’s year-end is December 31.

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: Jun 13, 2019 09:45 AM

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How much interest revenue should Avonette accrue on December 31, 2018? a. $4,500 b. $2,425 c. $1,875

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Financial Accounting

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