DE 8-14 For each of the following notes receivable, compute the amount of interest revenue earned during
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DE 8-14 For each of the following notes receivable, compute the amount of interest revenue earned during 20X5. Use a 360-day year. Interest Principal Rate Interest Period Maturity Date Note 1 $ 10.000 9% 60 days 11/30/20X5 Note 2 50,000 10% 3 months 9/30/20X5 Note 3 100,000 8% 1 years 12/31/20X6 Note 4 15,000 12% 90 days 1/15/20X6
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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