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For each of the following notes receivable held by Christensen Company determine the interest revenue to be reported on the income statements for the year

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For each of the following notes receivable held by Christensen Company determine the interest revenue to be reported on the income statements for the year ended December 31. Round answers to nearest penny, which means to include .00 if applicable. The dollar sign is provided for you. Assume that 360 days per year is the amount used Date Face Rate Time Interest Revenue $45,000 45 days Aug. 8 $63,000 59 60 days $28,000 4 120 days $13,000 Nov. 1

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