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On January 1st 2015, Cougar Corp loaned Husky Corp. $19,465 and accepted a $20,000 note receivable with a duration of 3 years. The note has

On January 1st 2015, Cougar Corp loaned Husky Corp. $19,465 and accepted a $20,000 note receivable with a duration of 3 years. The note has a 5% stated interest rate, payable at the end of each year. The market rate for notes of similar risk is 6%.

19. Record the issuance of the note receivable

20. What is interest revenue for 2015?

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