Compute the total interest accrued on notes payable owed by by Biowow, Inc. as of December 31,

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Compute the total interest accrued on notes payable owed by by Biowow, Inc. as of December 31, 2019 (assume a 365-day year). Information for Biowow's notes payable are below. Lender Issuance Date Principal Coupon Rate (%)

Term Tillens 11/13/2019 $40,000 8 120 days

Zappa 12/09/2019 $32,000 6 90 day

Kumar 12/19/2019 $36,000 4 60 days

Related Book For answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-1259917059

18th edition

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

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Posted Date: Feb 28, 2024 11:21 PM

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Compute the total interest accrued on notes payable owed by by Biowow, Inc. as of December 31,

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Accounting for Governmental and Nonprofit Entities

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