(Learning Objective 5: Apply GAAP for notes receivable) Record the following note receivable…

 
   

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(Learning Objective 5: Apply GAAP for notes receivable) Record the following note receivable transactions in the journal of Harland Services. How much interest revenue did Harland earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. Harland Services has an October 31 fiscal year-end.