i am stuck on the following problem. here is a pic of the problem
use this following link as a guide on how to show all work/how u got the answers
thanks in advance
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
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