Question: Analyzing and Computing Accrued Interest on Notes During the current year, Penman Inc. issued three short - term notes payable with principal and interest due

Analyzing and Computing Accrued Interest on Notes
During the current year, Penman Inc. issued three short-term notes payable with principal and interest due at the end of the term of the note. Compute interest accrued for each of the notes payable as of December 31 of the current year (assume a 365-day year).
\table[[Lender,Issuance Date,Principal,Interest Rate (%),Term],[Nissim,1121,$30,000,10%,120 days],[Klein,1213,22,000,8,90 days],[Bildersee,1219,26,000,6,60 days]]
Note: Round answer to the nearest dollar, if applicable.
\table[[Lender,Interest Accrued],[Nissim,$
Analyzing and Computing Accrued Interest on Notes

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