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Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31: Use 360 days for

Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31: Use 360 days for calculations and round the nearest dollar.

Lender Date of Note Principal Interest Rate (%) Term
Maple November 21 $21,000 10% 120 days
Wyman December 13 17,000 9% 60 days
Nahn December 19 19,000 12% 90 days

Lender Accrued Interest
Maple $Answer

Wyman Answer

Nahn Answer

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