Determine the interest on the following notes: (Use 360 days for calculation.) (a)   $5,800 at 6% for 90 days.   $Enter the interest in dollars  (b)   $800 at 9% for 5 months.   $Enter the interest in dollars  (c)   $7,200 at 7% for 60 days.   $Enter the interest in dollars  (d)   $1,800 at 7% for 6 months.   $Enter the interest in dollars

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 24Q: Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms...
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Determine the interest on the following notes: (Use 360 days for calculation.)

(a)  
$5,800 at 6% for 90 days.
  $Enter the interest in dollars 
(b)  
$800 at 9% for 5 months.
  $Enter the interest in dollars 
(c)  
$7,200 at 7% for 60 days.
  $Enter the interest in dollars 
(d)  
$1,800 at 7% for 6 months.
  $Enter the interest in dollars 
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