menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 10: Current Liabilities and Payroll
  5. Question
    A $20,000,3-Month,8% Note Payable Was Issued on November 1,2015
Solved

A $20,000,3-Month,8% Note Payable Was Issued on November 1,2015

Question 130

Question 130

Multiple Choice

A $20,000,3-month,8% note payable was issued on November 1,2015.What is the amount of accrued interest on December 31,2015?


A) $200
B) $267
C) $133
D) $800

Correct Answer:

verifed

Verified

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

Related Questions

Q125: SUTA (state unemployment compensation)tax is paid by

Q126: Arc Digital starts the year with balances

Q127: Net pay is the total amount of

Q128: The Statewide Sales Company has gross

Q129: Art Parrish,the sole employee of Parrish Sales,has

Q131: On October 1,2012,Archer Sales borrows $100,000

Q132: A certain contingent liability was evaluated at

Q133: Which of the following is pay stated

Q134: Art Parrish is the sole employee of

Q135: Art Parrish is the sole employee of

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