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23 01:06:31 Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2024. The notes Included: Note A: Dated 5/31/2024, principal
23 01:06:31 Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2024. The notes Included: Note A: Dated 5/31/2024, principal of $140,000 and Interest due 3/31/2025. Note B: Dated 7/1/2024, principal of $232,000 and Interest at 7% annually, due on 4/1/2025. Frankenstein had accrued a total of $16,800 Interest receivable from these notes In Its 12/31/2024 balance sheet. The annual Interest rate on Note A is closest to: Multiple Choice 11.23%. 7.00% 10.93%. 10.63%
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