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Blackrock Company Received a 6-Month, 15% Note for $100,000 from Its

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Blackrock Company received a 6-month, 15% note for $100,000 from its president on November 1, 2012. The note is due on April 30, 2013. If Blackrock's accounting period ends on December 31, how much interest revenue should Blackrock recognize during 2012 and 2013? Blackrock Company received a 6-month, 15% note for $100,000 from its president on November 1, 2012. The note is due on April 30, 2013. If Blackrock's accounting period ends on December 31, how much interest revenue should Blackrock recognize during 2012 and 2013?

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