Question 7 Not complete Marked out of 2.00 Flag question The following note transactions occurred during the year for Towell Company: On Nov. 25, Towell issued a 90-day, 6%, note payable for $60,000 to Hyatt Company for merchandise. On Dec. 7, Towell signed a 120-day, $90,000 note with the bank at 7%. On Dec 22, Towell gave Barr, Inc. a $12,000, 7%, 60-day note in payment of its account. Calculate the amount of the necessary interest accrual for each note payable at December 31. (Round to nearest whole dollar.) Interest accrual Lender Hyatt Company note $ Bank note Barr, Inc. note Check