Question: Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2 0 2 4 . The notes included: Note A: Dated 5

Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2024. The notes included:
Note A: Dated 5/31/2024, principal of $120,000 and interest due 3/31/2025.
Note B: Dated 7/1/2024, principal of $200,000 and interest at 8% annually, due on 4/1/2025.
Frankenstein had accrued a total of $14,400 interest receivable from these notes in its 12/31/2024 balance sheet.
Assume Frankenstein views the financing component of these sales to be significant. What amount of interest revenue would Frankenstein earn on these notes during 2025?
Multiple Choice
More than $12,000
Between $7,000 and 10,000
Less than $5,000
None of these answer choices are correct.

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