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17 Interest on notes receivable L05 Consider the following independent scenarios. a On 1 March this year, a company accepts a $10000, 5 per cent,
17 Interest on notes receivable L05 Consider the following independent scenarios. a On 1 March this year, a company accepts a $10000, 5 per cent, eight-month note receivable. On 1 September last year, a company accepts a $20000, 8 per cent, six-month note receivable. On 15 December last year, a company accepts a $15 000, 10 per cent, four-month note receivable b c Required Assuming a 30 June (this year) year-end, calculate current-year interest revenue for each scenario
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