Question: CRX Inc. issues a $20,000, 9%, 3-month note receivable on December 1, with interest due at maturity. The Company has a December 31st year-end.

CRX Inc. issues a $20,000, 9%, 3-month note receivable on December 1, with interest due at maturity. The Company has a December 31st year-end. When payment is received, the entry includes a credit to Interest Revenue in the amount of $ 150. $ 300. $ 450. $20,450. None of the above

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