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Los 17 Interest on notes receivable Consider the following independent scenarios: i On 1 September last year, a company accepted a $20000, 8 per cent,
Los 17 Interest on notes receivable Consider the following independent scenarios: i On 1 September last year, a company accepted a $20000, 8 per cent, six-month note receivable. ii On 15 December last year, a company accepted a $15000, 10 per cent, four-month note receivable. iii On 1 March this year, a company accepts a $10 000, 5 per cent, eight-month note receivable. REQUIRED Assuming a 30 June (this year) financial year-end, calculate current-year interest revenue for each of the above
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