Question: Data on three promissory notes accepted by Sheridan Ltd. during 2021 follow. Determine the missing amounts. Date of Note Term in Months Principal Interest Rate

Data on three promissory notes accepted by Sheridan Ltd. during 2021 follow. Determine the missing amounts.

Date of Note Term in Months Principal Interest Rate Total Interest Interest Revenue to Record for Year Ended December 31
Oct. 1 3 $178,800 10% (c) (d)
Aug. 1 6 118,800 (b) % $4,752 (e)
Nov. 1 24 (a) 6% 11,160 (f)

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