nts) On April 1 each year, TAEL Co. receives interest on a $161,000, 6%, 6 year note receivable. On December 31, 2020, the company recorded interest revenue of $7,245 on this note. Assuming TAEL Co. doesn't make reversing entries, how much interest revenue will they record on April 1, 2021? (AC 9 & 11) O $7,245 O $9,660 O $1,610 O $2,415

nts) On April 1 each year, TAEL Co. receives interest on a $161,000, 6%, 6 year note receivable. On December 31, 2020, the company recorded interest revenue of $7,245 on this note. Assuming TAEL Co. doesn't make reversing entries, how much interest revenue will they record on April 1, 2021? (AC 9 & 11) O $7,245 O $9,660 O $1,610 O $2,415

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter14: Long-term Liabilities: Bonds And Notes

Section: Chapter Questions

Problem 11E

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