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Record the following note receivable transactions in the journal of Fancy Realty. How much interest revenue did Fancy earn this year? Use a 365-day year
Record the following note receivable transactions in the journal of Fancy Realty. How much interest revenue did Fancy earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar (Click icon to view the transactions.) Oct More Info X ts. Explanations are not required.) D Oct 1 Oct Nov 3 Loaned $42,000 cash to Smart Co on a one-year, 75% note Performed service for January Corporation, receiving a 90 day, 9.5% note for $6,000 Received a $6,000, six-month, 13% note on account from Auburn, Inc Accrued interest revenue for the year. Dec 16 31 Hov Print Done DE
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