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?For September, $167 and $333 were not correct when put into the site. Interest on Notes Receivable Consider the following independent scenarios. 1. On 9/1,
?For September, $167 and $333 were not correct when put into the site.
Interest on Notes Receivable Consider the following independent scenarios. 1. On 9/1, a company accepts a $10,000, 5%, 8-month note receivable. 2. On 3/1, a company accepts a $20,000, 8%, 6-month note receivable. 3. On 6/15, a company accepts a $15,000, 10%, 4-month note receivable. Required: Assuming a December 31 year end, calculate currentyear interest revenue for each scenario. When required, round to the answer to the nearest cent. Do not round your intermediate calculations. Interest Revenue September 1 March 1 800 June 15 500Step by Step Solution
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