Yamada Co. has three outstanding notes receivable at its December 31, 2017, fiscal year end. For each

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Yamada Co. has three outstanding notes receivable at its December 31, 2017, fiscal year end. For each note, calculate
(a) Total interest revenue,
(b) Interest revenue to be recorded in 2017, and
(c) Interest revenue to be recorded in 2018.

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

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

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Question Posted: May 16, 2017 10:32 AM

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Yamada Co. has three outstanding notes receivable at its December 31, 2017, fiscal year end. For each

Question:

Issue Date 1. August 31, 2017 2. November 1, 2017 3.October 1.201715 months Term 9 months 6 months Principal 15,000 44,000 30,000 Interest Rate 5% 8% 7%

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Note a Total Interest b Interest 2017 c Interes...View the full answer

Accounting Principles

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