Question
Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Galloway, Inc., on December 31: (Use 360 days for
Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Galloway, Inc., on December 31: (Use 360 days for interest calculation. Round to the nearest dollar.)
| Maker | Date of Note | Principal | Interest Rate | Term |
|---|---|---|---|---|
| Barton | December 04 | $30,000 | 8% | 120 days |
| Lawson | December 13 | 54,000 | 9% | 90 days |
| Riley | December 19 | 39,000 | 10% | 60 days |
| Barton |
|
| Lawson |
|
| Riley |
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Business Analysis With Microsoft Excel
Authors: Conrad Carlberg
3rd Edition
0789736640, 9780789736642
