Compute the accrued interest as of december 31


Compute the accrued interest as of December 31, 2008 on each of the following notes payable. Assume 365 days

Date of Note Principal Coupon Rate Term
A 11/26/08 $12,000 7% 60 days
B 12/19/08 $40,000 13% 30 days
C 10/31/08 $24,000 14% 90 days

 

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Accounting Basics: Compute the accrued interest as of december 31
Reference No:- TGS072296

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