Question: Do It! Review 8-3 (Part Level Submission) gbird, Inc. accepts from Gates Stores a $6,400, 4-month, 10% note dated May 31 in settlement of Gates'

Do It! Review 8-3 (Part Level Submission) gbird, Inc. accepts from

Do It! Review 8-3 (Part Level Submission) gbird, Inc. accepts from Gates Stores a $6,400, 4-month, 10% note dated May 31 in settlement of Gates' overdue account. The maturity date of the note is September Calculate the interest payable at maturity. (Round answer to o decimal places, e.g. $155.) Interest payable at maturity

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