Question
Lennon Company signed a 12 month, $53,000, 10% note on October 1, 20x1. The amount of interest to be accrued on December 31, 20x1, is:
Lennon Company signed a 12 month, $53,000, 10% note on October 1, 20x1. The amount of interest to be accrued on December 31, 20x1, is: (Round to the nearest dollar.)
A. $2,650
B. $3,092
C. $5,300
D. None of the above
| Your answer (A, B, C, or D) |
|
Show your calculation in detail.
|
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Bucks The Next Step Advanced Medical Coding And Auditing 2019/2020
Authors: Elsevier
1st Edition
0323582613, 978-0323582612
