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On August 1, 2021 Mickey Corporation accepted a $20,000, 6 month, 6% note receivable in granting a time extension to Minnie Corporation on their past
On August 1, 2021 Mickey Corporation accepted a $20,000, 6 month, 6% note receivable in granting a time extension to Minnie Corporation on their past due accounts receivable. Mickey Corporation has a September 30 year end. The amount of interest to accrue at September 30, 2021 is: Select one: O a. $400 O b. $200 O c. $1,200 O d. $600
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