- account receivable balance
- accounts receivable accounts
How much accrued interest should be reported on the payee’s December 31 balance sheet on a $5,000, 8%, 9-month note receivable issued on June 1?
Options are 400, 33, or 233. I initially thought it was 300 because of 5,000 * 8% * 9/12
Thanks for any help you can offer!
Options are 400, 33, or 233. I initially thought it was 300 because of 5,000 * 8% * 9/12
Thanks for any help you can offer!
Please help me with this accounting question?
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