Question: Apr. 1 : Loaned $ 1 7 , 0 0 0 cash to Branson, Inc. on a one - year, 1 2 % note. Jun.
Apr. : Loaned $ cash to Branson, Inc. on a oneyear, note.
Jun. : Sold goods to Dyno Interiors, receiving a day, note for $ Ignore Cost of Goods Sold.
Jun. : Made a single entry to accrue interest revenue on both notes. Use months for the oneyear note interest computation and a day year for the day note interest computation. Round to the Collected the maturity value of the Dyno Interiors note. Make sure to determine the missing maturity date. Prepare a single compound journal entry. Use a day year for this interest computation. Round to the nearest cent.nearest cent
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