Calculate the accrued interest liability for the following note payable owed by Bandys, Inc. as of December
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Question:
Calculate the accrued interest liability for the following note payable owed by Bandy’s, Inc. as of December 31, 2021:
Lender | Date of Note | Principal | Annual Interest Rate | Term |
Centric Bank | 11/01/21 | $100,000 | 3.0% | 3 months |
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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