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PV, PV of interest and amortization schedule for this note receivable ? 10) 11/1/x2: Harrison completed excavation work for one of its customers. The following
PV, PV of interest and amortization schedule for this note receivable
?
10) 11/1/x2: Harrison completed excavation work for one of its customers. The following payment terms were arranged on 11/1/x2: Quarterly payments: $ 6,000 Date of first payment: 11/1/x2 Date of last payment: 8/1/x4 Effective annual interest rate: 10% This note is referred to as Note Receivable "2". The effective interest method of amortization is used. The revenue is recorded in the company's "Sales" accountStep by Step Solution
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