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Consider the following independent scenarios. On 9/1, a company accepts a $10,000, 5%, 8-month note receivable. On 3/1, a company accepts a $20,000, 8%, 6-month
Consider the following independent scenarios. On 9/1, a company accepts a $10,000, 5%, 8-month note receivable. On 3/1, a company accepts a $20,000, 8%, 6-month note receivable. On 6/15, a company accepts a $15,000, 10%, 4-month note receivable. Required: Assuming a December 31 year end, calculate current-year interest revenue for each scenario. When required, round to the answer to the nearest cent. Do not round your intermediate calculations
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