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?

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asked Jul 2, 2018 121k views

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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?

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Marquies asked

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$233.333 that is the accrued interest

Rahiem answered Jul 9, 2018

by Rahiem

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