Accrue the interest on the short-term notes receivable. Calculate the interest on each note to the nearest cent.

Published by admin at October 25, 2023

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Accrue the interest on the short-term notes receivable. Calculate the interest on each note to the nearest cent. Use the 360-day banker’s year for all interest computations and record a single adjusting entry for the short-term interest.Note Receivable One: $20,000, 8.5%, 60-day note, dated June 22

Accrue the interest on the short-term notes receivable. Calculate the interest on each note to the nearest cent.

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