Yamada Co. has three outstanding notes receivable at its December 31, 2021, fiscal year end. For each

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Yamada Co. has three outstanding notes receivable at its December 31, 2021, fiscal year end. For each note, calculate

(a) Total interest revenue,

(b) Interest revenue to be recorded in 2021,

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Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: Feb 21, 2020 09:37 AM

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Yamada Co. has three outstanding notes receivable at its December 31, 2021, fiscal year end. For each

Question:

Term Principal Issue Date Interest Rate 1. August 31, 2021 2. November 1, 2021 3. October 1, 2021 6% $15,000 44,000 6 months 15 months 8% 7% 30,000

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Note a Total Interest b Interest 2021 c Interes...View the full answer

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