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Oriole Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Term 1. August 31, 2021 5 months 2. February 1, 2021

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Oriole Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Term 1. August 31, 2021 5 months 2. February 1, 2021 12 months 3. October 31, 2021 6 months Principal Interest Rate $18,000 4% 34,800 4% 7,200 5% Interest on each of the above notes is payable at maturity. Your answer is partially correct. Calculate the interest revenue that Oriole Co. will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple-step income statement. (Round answer to decimal places, eg. 5,275.) Total interest revenue $ Interest Revenue is reported under other revenues on the income statement. Assistance Used eTextbook and Media eTextbook Your answer is partially correct. Calculate the amounts related to these notes that will be reported on Oriole Co's balance sheet at December 31, 2021. Indicate where they will be presented. (Round answers to decimal places, eg 5,275.) Account Notes Receivable Interest Receivable. Presented in Balance sheet under Amount Current Assets Current Assets $ Assistance Used eTextbook and Media e Textbook

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