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This one is causing alot of trouble pls help 77 78 79 80 81 82 34. The note payable to Royce Computers (transactions 04 and

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This one is causing alot of trouble pls help
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77 78 79 80 81 82 34. The note payable to Royce Computers (transactions 04 and 07) is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year. rnvfPORTANT NOTE: The original note on the ggmputer equipment purchased on June 2 was $120,000.00, On June 10, eight days later, $23,M.00 was repaid. Interest expense must be calculated on the $120,000.00 for eight days. In addition, interest expense on the $97,000.00 balance of the loan ($120,000.00 less $23,000.00 - must be calculated for the 20 days remaining in the month of June.] Closing Entries a Instructions FAQ Workbook Statistics a Welcome Chart of Accounts a Transactions General Journal Worksheet

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