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Compute the interest accrued on each of the following notes receivable held by Southland, Inc., on December 31: (Use 360 days for interest calculation. Round

Compute the interest accrued on each of the following notes receivable held by Southland, Inc., on December 31: (Use 360 days for interest calculation. Round to the nearest dollar.) Please show how you did the work so I learn how to do this.

Maker Date of Note Principal Interest Rate Term
Maple November 21 $20,000 10% 120 days
Wyman December 13 14,000 9% 90 days
Nahn December 24 21,000 6% 60 days

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