On October 1, 2021, Oberley Corporation loans one of its employees $40,000 and accepts a 12...

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On October 1, 2021, Oberley Corporation loans one of its employees $40,000 and accepts a 12 month, 9% note receivable. Calcul

At the end of the year, Brinkley Incorporateds balance of Allowance for Uncollectible Accounts is $4,000 (credio before adju

business accounting

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Answer 1

Answer #1

Year 2021 = $40,000*9%*3/12 Year 2021 = $900 Year 2022 = $40,000*9%*9/12 Year 2022 = $2,700 Year Year 2021 Year 2022 Interest

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Answer 2

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