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    College Accounting
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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 103

Question 103

Short Answer

How would you compute the accrued interest expense on December 31 for a $5,000 note payable for 73 days at 8% interest dated November 22?

Correct Answer:

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$5,000 × ....

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