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On December 1st, Victoria signed a 90-day 6% note payable with a face value of $10,000. What amount of interest expense is accrued on December
On December 1st, Victoria signed a 90-day 6% note payable with a face value of $10,000. What amount of interest expense is accrued on December 31st on the note? Use 360 days a year.
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College Accounting A Practical Approach Chapters 1-15
Authors: Jeffrey Slater
7th Edition
0130954888, 978-0130954886
