Record the following note receivable transactions in the journal of Aegean Realty. How much interest revenue did
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Record the following note receivable transactions in the journal of Aegean Realty. How much interest revenue did Aegean earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearestdollar.
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Sep Nov Loaned $15,000 cash to Carroll Fadal on a one-year, 10% note. Performed service for Turf Masters, receiving a 90-day, 8% note for $12,000. Received a $4,000, six-month, 11% note on account from Voleron, Inc. Accrued interest revenue for the year. 1 6 16 30
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Aegean Realty earned interest revenue of 696 this year Rounded to nearest dollar DATE Se...View the full answer
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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