For each of the following notes receivable, compute the amount of interest revenue earned during 2014: Interest
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Interest Interest Maturity Principal Rate a. Note #1 $ 10,000 b. Note #2 50,000 Period date 4% 60 days Nov. 30, 2014 3 months Sept. 30, 2014 c. Note #3 d. Note #4 100,000 4 1/2 year Dec. 31, 2014 8 15,000 90 days Jan. 15, 2015
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a Note 1 6575 or 10000 004 60 ...View the full answer
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Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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