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1. Discuss the nature and use of notes receivable and how to calculate related interest....

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Accounting

1. Discuss the nature and use of notes receivable and how to calculate related interest.

2. Explain what a notes receivable register is and how to prepare one.

3. Explain how to calculate and record accrued interest receivable at year end.

4. Explain how to calculate and record the discounting of notes receivable.

5. Discuss how notes receivable should be reported in the financial statements.

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