On October 1,2019,Fashion Jewelers accepted a 4-month,12% note for $7500 in settlement of an overdue account receivable.The accounting period ends on December 31.Calculate the accrued interest on the note at December 31,2019.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
A) $225
B) $300
C) $900
D) $450
Correct Answer:
Verified
Q182: On December 1,2019,Pinewood Company sold machinery to
Q183: On January 1,Southwest Company accepted a one-year
Q184: On July 1,2019,Landscape Equipment Sellers accepted a
Q185: If the maker of the note does
Q186: When a notes receivable is outstanding at
Q188: On November 1,2018,Downtown Jewelers accepted a 3-month,15%
Q189: On October 1,2019,Springfield Company made a loan
Q190: On October 1,2018,Equipment Suppliers Company made a
Q191: On October 1,2019,Island Jewelry Company accepted a
Q192: A six-month note receivable for $5000 at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents