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Sold appliances to Seard Contracting for $280,000 (cost $164,000) receiving a 9-month 14% note. Please show work. Thank you! d. Calculate the interest earned on

Sold appliances to Seard Contracting for $280,000 (cost $164,000) receiving a 9-month 14% note.

Please show work. Thank you! image text in transcribed

d. Calculate the interest earned on the outstanding Seard Contracting note receivable. Assume the note was received on October 31. Round to the nearest dollar. (Click the icon to view the T-account balances from Requirement 3.) Date Accounts Debit Credit Adj.(d) Interest Receivable Interest Revenue

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