A table of notes receivable for 2014 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 2014. Round to the nearestdollar.
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Principa ntrst Rate Interest Period During 2014 Note Note 2 Note 3 Note 4 30,000 10,000 19,000 100,000 8% 11% 10% 796 4 months 45 days 75 days 10 months
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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