Business

Accounting

On 1/11/10, Carpet Company borrows $60,000 from National Bank on a 3-month, 8% note. The amount of interest to be accrued on 31/12/10 is: О а. $4,800 оБ. 1,200 O c. $400 O d. $800

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 6MC: On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest...

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Question

ACCOUNTING PRINCIPLES II course

On 1/11/10, Carpet Company borrows $60,000 from National Bank on a 3-month,
8% note. The amount of interest to be accrued on 31/12/10 is:
a. $4,800
O b. 1,200
O c.
$400
O d. $800

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