Question
Compute the total interest accrued on notes payable owed by by Biowow, Inc. as of December 31, 2019 (assume a 365-day year). Information for Biowow's
Compute the total interest accrued on notes payable owed by by Biowow, Inc. as of December 31, 2019 (assume a 365-day year). Information for Biowow's notes payable are below. Lender Issuance Date Principal Coupon Rate (%)
Term Tillens 11/13/2019 $40,000 8 120 days
Zappa 12/09/2019 $32,000 6 90 day
Kumar 12/19/2019 $36,000 4 60 days
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
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