Question: 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

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.

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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