Question
On September 1, 2016, Your Company lent $ 45,000 to Ace Company. It is a one year loan and bears interest at 2.5%. How much
On September 1, 2016, Your Company lent $45,000 to Ace Company. It is a one year loan and bears interest at 2.5%. How much income is accrued for 2016? ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
