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Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Galloway, Inc., on December 31: Use 360 days for
Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Galloway, Inc., on December 31: Use 360 days for calculations and round the nearest dollar. Lender Date of Note Principal Interest Rate (%) Term Barton December 04 $10,000 12% 120 days Lawson December 13 12,000 9% 90 days Riley December 19 15,000 10% 60 days Lender Accrued Interest Barton $ Lawson Riley
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