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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 12
On October 1, 2015 , Coast Financial loaned Barr Corporation $300,000, receiving in exchange a nine-month, 12 percent note receivable.oast ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable.he interest earned on the note receivable from Barr Corporation during 2016 will amount to:
a.9,000
b.18,000.
c.27,000
d.36,000.
a.9,000
b.18,000.
c.27,000
d.36,000.
Explanation
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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