(Answered) 1 on december 1 2011 davenport company sold merchandise to

Accounting

1. On December 1, 2011, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer signed a 6% note requiring the payment of interest and principal on March 1, 2012. How much interest revenue will the company recognize during 2011? In 2012?

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