Question
DeNova Real Estate signed a four-month note payable in the amount of $47200 on September 1. The note requires interest at an annual rate of
DeNova Real Estate signed a four-month note payable in the amount of $47200 on September 1. The note requires interest at an annual rate of 8%. The amount of interest to be accrued at the end of September is:
$708.
$3776.
$315.
$944.
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
