Laundry Hub received a note from a customer for extended payment on October 1, 2020. The $10,000

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Laundry Hub received a note from a customer for extended payment on October 1, 2020. The $10,000 note was for 6 months at 7%. Laundry Hub has a December 31 year end and must accrue interest on that date.

How much interest has accrued on the note receivable on December 31, 2020?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Oct 26, 2023 02:59 AM

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Laundry Hub received a note from a customer for extended payment on October 1, 2020. The $10,000

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Fundamentals of Financial Accounting

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