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HG Company received four promissory notes from different individuals. The details of each note are found below: Date of the Note August 8, 2018 October
HG Company received four promissory notes from different individuals. The details of each note are found below: Date of the Note August 8, 2018 October 7,2018 November 12, 2018 January 6, 2019 Face Value 15,000 22,000 28,000 30,000 Rate 7% 8% 9% 8% Term of the note 180 days 60 days 60 days 90 days Compute for the total interest income to be recognized in 2020 in relation to the four note receivables
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