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Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Kierland, Inc., on December 31: (Use 360 as the
Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Kierland, Inc., on December 31: (Use 360 as the denominator when calculating the interest amount. Round to a whole number.) Interest Accrued Maker Date of Note Principal Rate (%) Term Interest Abel 11/16 $36,000 10 120 days $ Baker Charlie 12/8 12/19 $28,000 9 90 days $ $42,000 8 60 days $
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