Data on three promissory notes accepted by Levin Ltd. during 2014 follow. Instructions Determine the missing amounts.
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Instructions
Determine the missing amounts.
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Term in Interest Interest Revenue to Record for Date of Note Months PrincipalRnteresYear Ended December 31 Oct. 1 $180,000 120,000 10% 6 $4,800 12,000 oV 24 6%
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a 100000 12000 2 6 b 8 4800 120000 612 ...View the full answer
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Related Book For
Accounting Principles Part 2
ISBN: 978-1118306796
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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