Data on three promissory notes follow Determine the missing amounts Interest Revenue to Record for Year Ended December 31 $45,000 Total Interest Date of Note Apr 1 July 2 Term in Months Principal $1,800,000 168,000 Interest Rate 10 $ 6,720 25,200 Nov 1 12 5 ...

a 420000 25200 6 b 8 6720 168000 612 c 45000 ...

Data on three promissory notes follow. Determine the missing amounts. Interest Revenue to Record for Year Ended

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Data on three promissory notes follow. Determine the missing amounts.

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Financial Accounting Tools for Business Decision Making

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5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jul 18, 2017 01:51 AM

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Data on three promissory notes follow. Determine the missing amounts. Interest Revenue to Record for Year Ended

Question:

Interest Revenue to Record for Year Ended December 31 $45,000 Total Interest Date of Note Apr. 1 July 2 Term in Months Principal $1,800,000 168,000 Interest Rate 10% $ 6,720 25,200 Nov. 1 12 5%

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a 420000 25200 6 b 8 6720 168000 612 c 45000 ...View the full answer

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