Question: Brief Exercise 5 - 1 7 ( Static ) Calculate interest revenue on notes receivable ( LO 5 - 7 ) On October 1 ,

Brief Exercise 5-17(Static) Calculate interest revenue on notes receivable (LO5-7)
On October 1,2024, Ogneva Corporation loans one of its employees $40,000 and accepts a 12-month, 9% note receivable.
Calculate the amount of interest revenue Ogneva will recognize in 2024 and 2025.
\table[[Year,\table[[Interest],[Revenue]]],[2024,],[2025,]]
Brief Exercise 5-17(Static) Calculate interest revenue on notes receivable (LO5-7) On

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