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Please help, how do I find the Interest Revenue On April 30, 2016. Synergy Bank loaned $94,000 to Kendall Harmon on a one-year. 12% Read
Please help, how do I find the Interest Revenue
On April 30, 2016. Synergy Bank loaned $94,000 to Kendall Harmon on a one-year. 12% Read the requirements. Journalize all entries for Synergy Bank related to the note for 2016 and 2017. (Record debits first, then credits Select the explanation on the last line of the journal entry table.) Begin by recording the loan on April 30, 2016. Record the entry to accrue interest revenue on the Harmon note at December 31, 2016. (Use months for interest calculations.) Journalize the collection of the note from Kendall Harmon at maturity. (Prepare a single compound journal entry. Use months for interest calculations.)Step by Step Solution
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