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    College Accounting Study Set 2
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    How Would You Compute the Accrued Interest Expense on December
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How Would You Compute the Accrued Interest Expense on December

Question 50

Question 50

Short Answer

How would you compute the accrued interest expense on December 31 for a $3,600 note payable for 80 days at 12% interest dated November 10?

Correct Answer:

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$3,600 × ....

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