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
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
X
Transcribed Image Text: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 X
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