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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 | $11,000 | 8% | 120 days |
Lawson | December 13 | 25,000 | 9% | 90 days |
Riley | December 19 | 10,000 | 10% | 60 days |
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