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On April 1, 2021, a company loans one of its suppliers $57,000 and accepts a 30-month, 14% note receivable. Calculate the amount of interest
On April 1, 2021, a company loans one of its suppliers $57,000 and accepts a 30-month, 14% note receivable. Calculate the amount of interest revenue the company will recognize in 2021, 2022, and 2023. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) 2021 2022 2023 Amount of interest revenue
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
12th edition
133451860, 978-0133451863
