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Compute the following.. Compute for the total interest income to be recognized in 2020. Lucky company received four promissory notes from different individuals Date of

Compute the following..

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Compute for the total interest income to be recognized in 2020. Lucky company received four promissory notes from different individuals Date of the note Face Value Rate Term of the note August 8, 2019 13,000 7% 180 days October 7, 2019 22,000 8% 60 days November 12, 2019 26,000 8% 60 days January 6, 2020 28,000 9% 90 days

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