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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 11/21 $18,000 10 120 days Wyman 12/13 5,000 8 90 days Nahn 12/10 16,000 12 60 days Lender Accrued Interest Maple $ 600 x Wyman s 100 x Nahn: $ 320 x
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