Question
Dill Company signed a $3,000 six-month note payable on November 1 that bears interest at a rate of 12%. The total interest to be accrued
Dill Company signed a $3,000 six-month note payable on November 1 that bears interest at a rate of 12%. The total interest to be accrued on this note at December 31 is?
a) $90
b) $60
c) $30
d) $180
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Financial Accounting
Authors: Charles T. Horngren, Jr Harrison, Walter T.
3rd Edition
0137419848, 978-0137419845
