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Sheet. Ullits Denver 31 Balance E5-29A. (Learning Objective 4: Recording notes receivable and accruing interest revenue) Record the following note receivable transactions in the journal
Sheet. Ullits Denver 31 Balance E5-29A. (Learning Objective 4: Recording notes receivable and accruing interest revenue) Record the following note receivable transactions in the journal of Aegean Realty. How much interest revenue did Aegean earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. LO Sept. 1 Nov. 6 Loaned $12,000 cash to Cristy Rocker on a one-year, 8% note. Performed service for "op Masters, receiving a 90-day, 6% note for $10,000. Received a $5,000, six-month, 12% note on account from Veron, Inc. Accrued interest revenue for the year. 16 30
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