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4. How are notes receivables accounted for? a) ABC Company loaned Tony Baker $10,000 for six months at 10%. Answer the following: i) What is

4. How are notes receivables accounted for? a) ABC Company loaned Tony Baker $10,000 for six months at 10%. Answer the following: i) What is the interest revenue for the six months? 1 10,000 X 0. 10 X (6/ 12 ) = $500 ii) What is the maturity value? b) What is a dishonored

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