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For each of the following notes receivable, compute the amount of interest revenue earned during 2020. Use a 365 day year or base your calculations
For each of the following notes receivable, compute the amount of interest revenue earned during 2020. 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 Note 1 Note 2 Note 3 Note 4 Principal interest Rate $360,000 12% 46,000 30,000 15% 116,000 10% Interest Period During 2020 8 months 30 days 90 days 6 months Compute the amount of interest revenue earned during 2020 (Use a 365-day year or base your calculations on the number of months, depending on how the interest period is stated, and round your final answer to the nearest dollar.) Note 1 Note 2 Note 3 Note 4
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