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Im stuck on the last part, but besides that is the rest right? E2 Walker Co Calculation of interest expense August 17 Lee note: Principal
Im stuck on the last part, but besides that is the rest right? E2 Walker Co Calculation of interest expense August 17 Lee note: Principal Interest rate Number of days' interest to be recorded in 2016 Interest = Principal x rate x days/360 = $36,000 6.0% 90 540 November 5- NBR Bank note: Principal Interest rate Number of days interest to be recorded in 2016 Interest Principal x rate x days/360 $108,000 90% 120 3,240 November 28 Accrued interest- Albany note: Principal Interest rate Number of days interest to be recorded in 2016 Interest Principal x rate x days/360 $66,000 8.0% 34 499 Interest Principal x rate x days/360 $540 November 5-NBR Bank note: Principal Interest rate Number of days' interest to be recorded in 2016 Interest-Principal x rate x days/360 $ 108,000 90% 120 $3,240 November 28 - Accrued interest Albany note: Principal Interest rate Number of days' interest to be recorded in 2016 Interest Principal x rate x days/360 $66,000 8.0% 34 499 Total interest expense 2016 4,279 January 27, 2017 - Interest expense - Albany note: WC Principal Interest rate Number of days' interest to be recorded in 2017 Interest- Principal x rate x days/360
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