Question
Atable of notes receivable for 2018 follows: (Click the icon to view the table of notes receivable for 2018.) For each of the notes receivable,
Atable of notes receivable for 2018 follows: (Click the icon to view the table of notes receivable for 2018.) For each of the notes receivable, compute the amount of interest revenue earned during 2018. Round to the nearest dollar. (Use a 365-day year for the notes with interest periods in days and a 12-month year for notes with interest periods in months) Note 1 Note 2 Note 3 Note 4 Interest revenue earned during 2018 4 Data Table X Principal Interest Rate Interest Period During 2018 Note 1 $ 60,000 10% 9 months Note 2 10,000 14% 45 days Note 3 18,000 5% 90 days Note 4 130,000 12% 3 months Print Done
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