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Compute interest revenue recorded by respawn

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Reference no: EM133130297

Question - On April 1 of Year 1, Respawn accepted a $12,000, 12-month, 9% note from a customer in granting a time extension on his past-due account receivable. Respawn's year-end is December 31. Compute interest revenue recorded by Respawn in Year 1 and Year 2?

Reference no: EM133130297

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