Question: Data on three promissory notes receivable due to Aptara Inc. at December 31, 2014, follow: Aptara's year end is December 31 and it adjusts its

Data on three promissory notes receivable due to Aptara Inc. at December 31, 2014, follow:

Aptara's year end is December 31 and it adjusts its books annually. For each of the above notes, calculate the amount of
(a) Interest revenue to be recorded in 2014,
(b) Interest revenue to be recorded in 2015, if any,
(c) Total interest revenue. Round calculations to the nearest dollar.

Note Issue Date Ter #1 Apr. 1.2014 82 Inly 2 2014 #3 Nov. 1,2014 n Months Princtpal Interest Rate 15 Principal $1,800,000 168,000 420,000 6% 596 496 12

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