Compute the accrued interest payable


On November 7, 2011, Ortez Company borrows $150,000 cash by signing a 90-day, 8% note payable with a face value of $150,000.

(1) Compute the accrued interest payable on December 31, 2011.

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Accounting Basics: Compute the accrued interest payable
Reference No:- TGS045917

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