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Plz , do it all Bankers Unlimited loaned cash to a customer on October 1, 2019. The note receivable had a principal amount of $65,000,4%
Plz , do it all
Bankers Unlimited loaned cash to a customer on October 1, 2019. The note receivable had a principal amount of $65,000,4% interest rate, and a term of five months. a) How much interest income would be reported on the 2019 income statement dated December 31? [Select] b) How much cash interest would be collected in 2019? [Select] c) How much interest income would be reported on the 2020 income statement, assuming no other sources provided interest during the year? (Select) d) How much cash interest would be collected in 2020? Select] Step by Step Solution
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