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 $19,000 10% 120 days Wyman December 13 15,000 9% 90 days Nahn December 19 17,000 12% 60 days

Lender Accrued Interest

Maple $Answer

Wyman Answer

Nahn Answer