Question
On September 1, 2019, a firm accepted a 6-month, 8% note for $36,000 from a customer with an overdue account balance. The accrued interest recorded
On September 1, 2019, a firm accepted a 6-month, 8% note for $36,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is?
options
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$2,880.00
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$960.00
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$240.00
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No accrual is necessary
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
