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$4$

On September $1,20$X$1,$ a firm accepted a $6-$month, $9\%$ note for $$32,000$ from a customer with an overdue account balance. The accrued interest recorded for this

$3$

note on December $31,20$X$1,$ is:

$$

points

$q,$ Multiple Choice

eBook

$$2,880\mathrm{.}00$

$$960\mathrm{.}00$

$$720\mathrm{.}00.$

No accrual is necessary

Mc

Graw

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