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on may 1st, 2022, william eyelash bank lends $10,000 to a customer and issues a 10 month note receivable with an annual interest rate
on may 1st, 2022, william eyelash bank lends $10,000 to a customer and issues a 10 month note receivable with an annual interest rate of 6%. principle and interest are payable february 28th 2023. what is the interest revenue that will be reported on william's 2022 income statement (12/31/2022)?
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
