On December 1, DEF Company agreed to accept a $10,000 45-daynote from a customer which bears 6%…

On December 1, DEF Company agreed to accept a $10,000 45-daynote from a customer which bears 6% interest. Assume that nointerest has been recorded during the year. If DEF uses the cashbasis, how much interest revenue needs to be recorded on December31? (calculate the portion of the year based on 360 days and roundto the nearest dollar)

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