Solved

On April 1,2019,Barnes Services Received a 6-Month Note for $15,000

Question 35

Multiple Choice

On April 1,2019,Barnes Services received a 6-month note for $15,000 at 9%.Calculate the amount of interest due at maturity.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)


A) $608
B) $743
C) $1350
D) $675

Correct Answer:

verifed

Verified

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

Related Questions

Q30: Edgewood Home Improvement Store reported the

Q31: If a credit customer fails to pay

Q32: Businesses must estimate the amount of bad

Q33: On October 1,2018,Equipment Suppliers Company made a

Q34: On June 16,2018,Evergreen Company wrote off the

Q36: On July 7,A-1 Credit Union loaned $500,000

Q37: In counting the number of days in

Q38: The following information is from the

Q39: When using the direct method to account

Q40: When using the allowance method,Allowance for Bad