On September t. 2021. Middleton Corp. lends cash and accepts a $4,500 note receivable that offers 9%
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Question:
On September t. 2021. Middleton Corp. lends cash and accepts a $4,500 note receivable that offers 9% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2021? (Do not round intermediate calculations. Round your answer to the nearest dollar amount)
Multiple Choice:
a) 630
b) $405
c) $135
d)5720
Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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