Question
Continuing Cookie Chronicle 10 a-c (Part Level Submission) Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed
Continuing Cookie Chronicle 10 a-c (Part Level Submission) Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2018, from Natalie's grandmother. Interest on the note is 6% per year, and the note plus interest was to be repaid in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2019 (1/2 month), December 2018, and January 2019. (a) Calculate the interest payable that was accrued and recorded to July 31, 2019, assuming monthly adjusting entries were made. Interest payable $ Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER
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