Question: Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A: Dated 5/31/2021, principal of S132,000 and

Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A: Dated 5/31/2021, principal of S132,000 and interest due 3/31/2022. Note B. Dated 7/1/2021, principal of $220,000 and interest at 8% annually, due on 4/12022. Frankenstein had accrued a total of $16,000 interest receivable from these notes in its 12/312021 balance sheet. The annual interest rate on Note A is closest to; Multiple Choice 800 965 09958

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