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Brief Exercise 5-16 Calculate interest revenue on notes receivable (LO5-7) On October 1, 2021, Oberley Corporation loans one of its employees $40,000 and accepts a

Brief Exercise 5-16 Calculate interest revenue on notes receivable (LO5-7) On October 1, 2021, Oberley Corporation loans one of its employees $40,000 and accepts a 12-month, 9% note receivable. Calculate the amount of interest revenue Oberley will recognize in 2021 and 2022. Year Interest Revenue 2021 2022

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