Question: Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17 in exchange for services. The 10% interest rate is an annual

Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17 in exchange for services. The 10% interest rate is an annual rate. Please upload the 1. Origination, 2. Accrual at December 31 and 3. Settlement entry on January 15 of the following year. Use Principal * Rate * Time to calculate the interest (hint the total interest is 90 days or 1/4 of a year).

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