For each of the following notes receivables held by Rogers Company determine the interest revenue to be reported on the income statements for 2011 and 2012. Round answers to nearest whole dollar.
$\begin{array}{|l|l|l|l|l|l|}
\hline 2012 \text{~Interest Revenue} & 2011 \text{~Interest Revenue} & \text{Time} & \text{Rate} & \text{Face} & \text{Date} \
\hline & & 180 \text{~days} & 7\% & \$15,000 & \text{Aug8, 2011} \
\hline & & 60 \text{~days} & 8\% & \$22,000 & \text{Oct 7, 2011} \
\hline & & 90 \text{~days} & 8\% & \$30,000 & \text{Jan6, 2012} \
\hline & & 60 \text{~days} & 9\% & \$28,000 & \text{Nov 12, 2011} \
\hline
\end{array}$

Question

For each of the following notes receivables held by Rogers Company determine the interest revenue to be reported on the income statements for 2011 and 2012. Round answers to nearest whole dollar.
 $\begin{array}{|l|l|l|l|l|l|}
\hline 2012 \text{~Interest Revenue} & 2011 \text{~Interest Revenue} & \text{Time} & \text{Rate} & \text{Face} & \text{Date} \
\hline & & 180 \text{~days} & 7\% & \$15,000 & \text{Aug8, 2011} \
\hline & & 60 \text{~days} & 8\% & \$22,000 & \text{Oct 7, 2011} \
\hline & & 90 \text{~days} & 8\% & \$30,000 & \text{Jan6, 2012} \
\hline & & 60 \text{~days} & 9\% & \$28,000 & \text{Nov 12, 2011} \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of For each of the following notes receivables held by Rogers Company determine the interest revenue to be reported on the income statements for 2011 and 2012. Round answers to nearest whole dollar.
 $\begin{array}{|l|l|l|l|l|l|}
\hline 2012 \text{~Interest Revenue} & 2011 \text{~Interest Revenue} & \text{Time} & \text{Rate} & \text{Face} & \text{Date} \
\hline & & 180 \text{~days} & 7\% & \$15,000 & \text{Aug8, 2011} \
\hline & & 60 \text{~days} & 8\% & \$22,000 & \text{Oct 7, 2011} \
\hline & & 90 \text{~days} & 8\% & \$30,000 & \text{Jan6, 2012} \
\hline & & 60 \text{~days} & 9\% & \$28,000 & \text{Nov 12, 2011} \
\hline
\end{array}$

For Each of the Following Notes Receivables Held by Rogers