menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 6
  4. Exam
    Exam 9: Accounting for Receivables
  5. Question
    The Interest Accrued on $7,500 at 6% for 90 Days
Solved

The Interest Accrued on $7,500 at 6% for 90 Days

Question 112

Question 112

Multiple Choice

The interest accrued on $7,500 at 6% for 90 days is:


A) $450.00.
B) $37.50.
C) $112.50.
D) $11.25.
E) $1,800.00.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: _ is the charge for using borrowed

Q107: Calculate the amount of the Allowance for

Q108: A promissory note received from a customer

Q109: A company has the following unadjusted account

Q113: Honoring a note receivable indicates that the

Q115: Giorgio Italian Market bought $4,000 worth of

Q116: A company factored $45,000 of its accounts

Q117: Valley Spa purchased $7,800 in plumbing components

Q135: The accounts receivable turnover is calculated by:<br>A)

Q173: The _ of a note is the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines