Question: Prescient Corp signed a 1 0 % note payable for $ 2 7 0 , 0 0 0 on December 1 6 . Principal and

Prescient Corp signed a 10% note payable for $270,000 on December 16. Principal and interest are due in 90 days. The companys fiscal year ends December 31. What amount does Prescient accrue for interest expense?

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