A table of notes receivable for 2018 follows: For each of the notes receivable, compute the amount
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For each of the notes receivable, compute the amount of interest revenue earned during 2018. Round to the nearest dollar.
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Interest Period During 2018 Principal Interest Rate 6 months 270 days $ 30,000 12,000 6% Note 1 Note 2 10% 75 days 10 months 14,000 14% Note 3 100,000 Note 4 7%
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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