On January 1, 2019, Roberson Supply borrows $10,000 from Nees Manufacturing by signing a 12% note...

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On January 1, 2019, Roberson Supply borrows $10,000 from Nees Manufacturing by signing a 12% note due in eight months. Calcul

business accounting

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Answer 1

Answer #1

Amount of interest revenue = $10,000 * 12% * 8/12

Amount of interest revenue = $800

Hence option b is correct.

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Answer 2

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