What is the interest receivable and interest revenue


Accepted a $12,000, 60-day, 8% note dated December 13 in granting Allie Sumera a time extension on her past-due account receivable. What is the interest receivable and interest revenue?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the interest receivable and interest revenue
Reference No:- TGS091081

Expected delivery within 24 Hours