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For each of the following notes receivable, compute the amount of interest revenue earned during 20232023. Use a 365-day year or base your calculations on
For each of the following notes receivable, compute the amount of interest revenue earned during 20232023. Use a 365-day year or base your calculations on the number of months, depending on how the interest period is stated, and round only your answer to the nearest dollar. Principal Interest Rate Interest Period During 2023 Note 1 $380,000 12% 6 months Note 2 34,000 10% 90 days Note 3 24,000 17% 75 days Note 4 110,000 10% 4 months
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