On june 8 alton co. issued an 80000 6 120 day note payable, Ask an Expert

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on june 8, alton co. issued an 80,000, 6%, 120 day note payable to seller co. assume that the fiscal year seller co ends june 30. using the 360 day year in your calculations, what is the amount of interest revenue recognized by seller in following year?

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Accounting Basics, Accounting

Category:- Accounting Basics
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