Business, 01.11.2019 03:31, MadisonElle

On november 1, jovel company loaned another company $100,000 at a 6.0% interest rate. the note receivable plus interest will not be collected until march 1 of the following year. the company's annual accounting period ends on december 31. the amount of interest revenue that should be reported in the first year is:

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On november 1, jovel company loaned another company $100,000 at a 6.0% interest rate. the note recei...