Question: On April 1 , 2 0 X 1 , a firm accepted a 3 - month, 7 percent note for $ 4 , 8 0

On April 1,20X1, a firm accepted a 3-month, 7 percent note for $4,800 from a customer with an overdue balance. The interest income on this note for the year ended June 30,20X1, is:
Multiple Choice
$84.
$308.
$336.
$28.

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