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Do It! Review 8-3 (Part Level Submission) Concord Corporation accepts from Gates Stores a $8,800, 4-month, 8% note dated May 31 in settlement of Gates'

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Do It! Review 8-3 (Part Level Submission) Concord Corporation accepts from Gates Stores a $8,800, 4-month, 8% note dated May 31 in settlement of Gates' overdue account. The maturity date of the note is September 30. Calculate the interest payable at maturity. (Round answer to O decimal places, e.g. $155.) Interest payable at maturity

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