Calculate interest revenue on notes receivable

Reference no: EM13489752

Brief Exercise 5-14 Calculate interest revenue on notes receivable (LO7)
On October 1, 2015, Oberley Corporation loans one of its employees $25,000 and accepts a 12-month, 8% note receivable.

Calculate the amount of interest revenue Oberley will recognize in 2015 and 2016.

Reference no: EM13489752

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