On December 31, 2012, the payee on a $4,500, 120-day, 10% note dated November 1, 2012, will recognize: (Use a 365 day year and round to the nearest dollar.)

Name: On December 31, 2012, the payee on a $4,500, 120-day, 10% note dated November 1, 2012, will recognize: (Use a 365 day year and round to the nearest dollar.)
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The Answer of On December 31, 2012, the payee on a $4,500, 120-day, 10% note dated November 1, 2012, will recognize: (Use a 365 day year and round to the nearest dollar.)

On December 31, 2012, the Payee on a $4,500, 120-Day