Question
A $37,000, three-month, 11% note payable was issued on December 1, 2017. What is the amount of accrued interest on December 31, 2017? (Do not
A $37,000, three-month, 11% note payable was issued on December 1, 2017. What is the amount of accrued interest on December 31, 2017? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
| a | $493 |
| b | $565 |
| c | $247 |
| d | $339 |
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Accounting What The Numbers Mean
Authors: David H. Marshall, Wayne William Mcmanus, Daniel Marshall Viele, Mcmanus Marshall, Daniel F. Viele
10th Edition
1259060705, 978-1259060700
