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how to calculate accrued interest receivable received a $5000, 90-day, 9% note on account from XXX C.o Made an adjusting entry to accrue interest (use
how to calculate accrued interest receivable
received a $5000, 90-day, 9% note on account from XXX C.o
Made an adjusting entry to accrue interest (use a 360-day)
Find the interest receivable and interest revenue.
I knew the interest receivable is 15 and interest revenue is 98, but I don't know how to find it.
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