Try another version of these questions A table of notes receivable for 2020 follows: For each of the notes receivable, compute the amount of interest revenue earned during 2020. Round to the nearest dollar. Runway Company has a six-month $24,500, 8% note receivable from Breezy Winters signed on June 1, 2020. Breezy Winters defaults on the loan on December 1. Journalize the entry for Runway Company to record the default of the loan. Notes Principal Interest Rate Period Note 1 $27,900 2% 5 months Note 2 $7,600 6% 330 days Note 3 $26,200 11% 300 days Note 4 $100,000 10% 4 months Notes Principal Interest Rate Interest Period Interest Revenue Earned Note 1 5/12 Note 2 330/360 Note 3 300/360 Note 4 4/12 Notes Principal Interest Rate Interest Period Interest Revenue Earned Note 1 27,900 2 5/12 233 Note 2 7,600 6 330/360 418 Note 3 26,200 11 300/360 2402 Note 4 100,000 10 4/12 3333 Date Description Debit Credit December 1 December 1 December 1 Date Description Debit Credit December 1 A/R 25,480 December 1 Notes Receivable 24,500 December 1 Interest Revenue 980