Question: this Your company has two outstanding notes receivable. On March 1, the company lent $58,700 to a customer, who signed a 6-month, 6% promissory note.

this Your company has two outstanding notes receivable. On March 1,

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Your company has two outstanding notes receivable. On March 1, the company lent $58,700 to a customer, who signed a 6-month, 6% promissory note. On May 1, the company lent $65,200 to a second customer, who signed a 11-month, 5% promissory note. Your company's fiscal year end is May 31. Interest is calculated based on months and is due when the note is settled. How much accrued interest would you recognize at year end for the two notes? Type your answer below to the nearest $0.01 with no comma or $sign (e.g. 2398.61)

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