Record the following note receivable transactions in the journal of Celtic Realty. How much interest revenue did

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Record the following note receivable transactions in the journal of Celtic Realty. How much interest revenue did Celtic earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearestdollar.

Record the following note receivable transactions in the journal of 153171

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Question Posted: Dec 10, 2012 04:16 AM

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Record the following note receivable transactions in the journal of Celtic Realty. How much interest revenue did

Question:

Apr Jun 1 6 Loaned $11,000 cash to Britt Durant on a one-year, 6% note. Performed service for Putt Masters, receiving a 90-day, 796 note for $14,000. Received a $3,000, six-month, 12% note on account from Voleron, Inc. Accrued interest revenue for the year. 16 30

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Celtic Realty earned interest revenue of 917 this year Rounded to nearest dollar DATE A...View the full answer

Financial accounting

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