For each of the following notes receivable, compute the amount of interest revenue earned during 2016. Use

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For each of the following notes receivable, compute the amount of interest revenue earned during 2016. Use a 360-day year, and round to the nearest dollar.

Interest Period During 2016 11 months 75 days 45 days 9 months Principal Interest Rate Note 1 Note 2. Note 3 Note 4 $ 25

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Nov 17, 2017 09:01 AM

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For each of the following notes receivable, compute the amount of interest revenue earned during 2016. Use

Question:

Interest Period During 2016 11 months 75 days 45 days 9 months Principal Interest Rate Note 1 Note 2. Note 3 Note 4 $ 25,000 8% 10,000 125,000 6% 4%

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Note 1 25000 09 1112 20...View the full answer

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