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Royalty Inc. lends to Shakespeare LTD. $50,000 on November 16. Shakespeare LTD. signs the 10%,90-day note. Remember interest accruing starts the next day. .. What

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Royalty Inc. lends to Shakespeare LTD. $50,000 on November 16. Shakespeare LTD. signs the 10%,90-day note. "Remember interest accruing starts the next day. .". What is the amount of accrued interest December 31 ? \$ What is the amount of interest expense February 14 ? \$ What is the maturity value paid when the note is honored? \$

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