Question: D'Angelo Corp. received a 7 - month, 9 % note for $ 1 3 , 0 0 0 from its president on October 1 ,

D'Angelo Corp. received a 7-month, 9% note for $13,000 from its president on October 1,2004. The note is due on April 30,2005. If D'Angelo's accounting period ends on December 31,2004, how much interest revenue from this note should be recognized by The D'Angelo Corp. in 2004 and 2005? Question 14Select one: a.2004, $292.50; 2005, $390 b.2004, $682.50; 2005, $0 c.2004, $390; 2005, $292.50 d.2004, $0; 2005, $682.50

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