Hochelaga Co. has three outstanding notes receivable at its December 31, 2014, fiscal year end. For each
Question:
(a) Total interest revenue,
(b) Interest revenue to be recorded in 2014,
(c) Interest revenue to be recorded in 2015.
Transcribed Image Text:
Principal $15,000 44,000 30,000 Issue Date Term 9 months 6 months 15 months Interest Rate 6% 7% 1. August 31, 2014 2. November 1, 2014 3. October 1, 2014
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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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