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On Jan 1st, 2020, Lepochat provided services in exchange for a 2-year $50,000, 8% note receivable that pays interest semiannually on June 30th and Dec

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On Jan 1st, 2020, Lepochat provided services in exchange for a 2-year $50,000, 8% note receivable that pays interest semiannually on June 30th and Dec 31st. The customer's normal borrowing rate is 10%. On, Jan 1st, 2020, the present value of the note receivable is $. (what amount)? Round to the nearest dollar. Use the amortization tables provided below to compute the present value of the note. Amortization Factor Tables.pdf Date Cash Interest Revenue Discount on NR Present Value 1/1/2020 6/30/20 12/31/20 6/30/21 12/31/21 Using the amortization table above to help you, how much interest revenue would Lepochat record in the 12/31/20 adjusting journal entry? D Question 5 0.5 pts How much interest revenue did Lepochat report in total with respect to the note on its 2020 income statement

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