On April 1, 2019, a firm accepted a 6-month, 10 percent note for $2,160 from a customer
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Question:
On April 1, 2019, a firm accepted a 6-month, 10 percent note for $2,160 from a customer with an overdue balance. What is the accrued interest recorded for this note for the year ended June 30, 2019?
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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