Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 4.00

Town & Country Realty

Record the following note receivable transactions in the journal of Town & Country Realty. How much interest revenue did Town & Country earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar.

Nov. 1

Loaned $50,000 cash to Springfield Co. on a 1-year, 9% note.

Dec. 3

Performed service for Joplin Corporation, receiving a 90-day, 12% note for $10,000.

16

Received a $2,000, 6-month, 12% note on account from Afton, Inc.

31

Accrued interest revenue for the year.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 05:09 PM My Price 4.00

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