q14)This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer. 14X Co, signed a four-month note payable in the amount of $8,000 on September 1. The note requiresinterest at an annual rate of 9%. The amount of interest to be accrued at the end of September isa. $240.O b. $60.O c. $80.O d. $720.

Interest accrued = Principal /Face value * Rate of interest * period

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This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...

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q14)This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer.

14
X Co, signed a four-month note payable in the amount of $8,000 on September 1. The note requires
interest at an annual rate of 9%. The amount of interest to be accrued at the end of September is
a. $240.
O b. $60.
O c. $80.
O d. $720.

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