Question
On December 1 Martin Company signed a $7500, 3 months, 7% note payable with the principle plus interest due on March 1 of the following
On December 1 Martin Company signed a $7500, 3 months, 7% note payable with the principle plus interest due on March 1 of the following year. What amount of interest expense is accrued at December 31 on the note? Use a 360 day year for interest calculation Round your answer to the nearest dollar
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Business Law Principles and Practices
Authors: Arnold J. Goldman, William D. Sigismond
9th edition
1133586562, 978-1285632995, 1285632990, 978-1285675367, 978-1133586562
