How much interest revenue should be reported


Cohen Company issued a 10% note receivable for $20,000 on August 1, 2010. The note has a maturity date of July 31, 2013. How much interest revenue should be reported for the year 2010 for this note?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much interest revenue should be reported
Reference No:- TGS0679596

Expected delivery within 24 Hours