How much interest revenue is accrued, Accounting Basics

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How much interest revenue is accrued

Allen's Jewelry accepted a $3,600 note from S. Wells in settlement of an old account receivable. The 12 percent note was dated November 2, 2008, and was due in 120 days. Assume that Allen's Jewelry closes its books on December 31. How much interest revenue (rounded to whole dollar) is accrued on December 31, 2008?

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Accounting Basics: How much interest revenue is accrued

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Accounting Basics: How much interest revenue is accrued

Reference No:- TGS079204

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Recent Questions Asked Accounting Basics

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Accounting Basics: How much interest revenue is accrued

Reference No:- TGS079204

Recent Questions Asked Accounting Basics

Q : What is depreciation expense problem

Q : Foreign keys are not indicated in these relations

Q : What amount of bad debt expenditure

Q : Necessary to reduce the number of chromosomes in gametes

Q : How much interest revenue is accrued

Q : Write appropriate mutator functions

Q : Relation between properties of water and h bonding

Q : Amount of bond interest expense recorded on interest date

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