Determine the companys accrued interest receivable, Accounting Basics

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Determine the companys accrued interest receivable

A company received a Note Receivable from a customer for a sale. The 9 percent, 9-month note was received on May 31, 2011 for an amount of $120,000. Determine the company's accrued interest receivable (from this note) on its December 31, 2011 balance sheet.

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Accounting Basics: Determine the companys accrued interest receivable

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Request for Solution File

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Accounting Basics: Determine the companys accrued interest receivable

Reference No:- TGS0702820

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the balance sheet after adjustment

Q : Explain the residual value

Q : Examples of acids-bases and salts

Q : Temperature and pressure of the triple point

Q : Determine the companys accrued interest receivable

Q : Calculate the amount of heat absorbed by the water

Q : Independent appraisal of fair market value

Q : Calculate the concentration

Q : Extraction of ethyl acetate

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the companys accrued interest receivable

Reference No:- TGS0702820

Recent Questions Asked Accounting Basics

Q : Calculate the balance sheet after adjustment

Q : Explain the residual value

Q : Examples of acids-bases and salts

Q : Temperature and pressure of the triple point

Q : Determine the companys accrued interest receivable

Q : Calculate the amount of heat absorbed by the water

Q : Independent appraisal of fair market value

Q : Calculate the concentration

Q : Extraction of ethyl acetate

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