Record the following note receivable transactions in the journal of Smith Company. How much interest revenue did Smith earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. Smith Company has an October 31 fiscal year end.

ACCT 221 Exercises Week 2.1+ / /Users Jacquelyn App Data/Local Packages/Microsoft M osoftEdge 8 ekyb3d8bb e TempState, Download S ACCT%20221 %20 Exer ses %20 e Exercise 3- Notes Receivable Record the following note receivable transactions in the journal of Smith Company. How much interest revenue did Smith earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. Smith Company has an October 31 fiscal year end. Aug 1 Oct 6 Loaned $5,000 cash to Joan Landley on a one year, 7% note. Performed service for Queen, Inc., receiving a 90 day, 6% note Oct 16 Oct 31 for $12,000. Received a $2,000, six month, 5% note on account from Jones, co. Accrued interest revenue for the year