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 $26,200, 5% 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 $25,500 4% 8 months Note 2 $8,200 7% 300 days Note 3 $32,800 12% 210 days Note 4 $115,900 9% 4 months Notes Principal Interest Rate Interest Period Interest Revenue Earned Note 1 8/12 Note 2 300/360 Note 3 210/360 Note 4 4/12 Notes Principal Interest Rate Interest Period Interest Revenue Earned Note 1 25,500 4 8/12 680 Note 2 8,200 7 300/360 478 Note 3 32,800 12 210/360 2296 Note 4 115,900 9 4/12 3477 Date Description Debit Credit December 1 December 1 December 1 Date Description Debit Credit December 1 A/R 26,855 December 1 Notes Receivable 26,200 December 1 Interest Revenue 655