A table of notes receivable for 2024 follows: (Click the icon to view the table of notes receivable for 2024.) For each of the notes receivable, compute the amount of interest revenue earned during 2024. Round to the nearest dollar. (Ignore leaps years, and use a 365-day year for the notes with interest periods in days. Use a 12-month year for notes with interest periods in months.) Note 1 Note 2 Note 3 Note 4 Interest revenue earned during 2024 Data table Note 1 Note 2 Note 3 Note 4 Principal $ 50,000 10,000 24,000 100.000 Interest Rate 7% 12% 8% 5% Print Interest Period During 2024 3 months 45 days 180 days 9 months Done
A table of notes receivable for 2024 follows: (Click the icon to view the table of notes receivable for 2024.) For each of the notes receivable, compute the amount of interest revenue earned during 2024. Round to the nearest dollar. (Ignore leaps years, and use a 365-day year for the notes with interest periods in days. Use a 12-month year for notes with interest periods in months.) Note 1 Note 2 Note 3 Note 4 Interest revenue earned during 2024 Data table Note 1 Note 2 Note 3 Note 4 Principal $ 50,000 10,000 24,000 100.000 Interest Rate 7% 12% 8% 5% Print Interest Period During 2024 3 months 45 days 180 days 9 months Done
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.12E
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