Firm interest payable account
Martin & Associates borrowed0 $5,000 on April 1, 2010 at 8% interest with both principal and interest due on March 31, 2011.
How much should be in the firm's interest payable account at December 31, 2010?
A. $300
B. $400
C. $0
D. $333
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Martin & Associates borrowed0 $5,000 on April 1, 2010 at 8% interest with both principal and interest due on March 31, 2011. How much should be in the firm's interest payable account at December 31, 2010?
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