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 at the

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).

Round answers to two decimal places.

Analyzing and Computing Accrued Interest on NotesDuring the current year, Penman Inc.

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