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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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