Business Finance
accounting question 7

Question Description

i am stuck on the following problem. here is a pic of  the problem

http://imgur.com/PIXD2dq

use this following link as a guide on how to show all work/how u got the answers

https://www.studypool.com/free/157147/accounting-q...

thanks in advance

Final Answer

                                                                   Richmond Company

April 1, 2011     Note Receivable (17%)                                                                                  $11,500

December 31,2011 Interest income on Note Receivable from 1April-31Dec ($11,500*17%*9/12)      $1,466.25

March 31,2011 Interest on Note Receivable from 1 Jan to 31 March($11,500*17%*3/12)                        488.75

AN786JUM (924)
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