How much interest is accrued at the end of march

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Question 1 RedRobin, Inc issued bonds with a $106,000 par value, 5-year life at a stated price of 104 on July 1, 2021. What is the carrying value on the balance sheet immediately after initial borrowing on July 1 (round final answer to the nearest whole dollar, i.e. $1,252,063.52 would be 1,262,064).

Question 2 A customer settled an overdue account in the amount of $5,508 on March 16. The customer signed a 30-day promissory note bearing 9% to the lender. How much interest is accrued at the end of March? (round your interest to the nearest two decimal places, i.e. $45.729 would be 45.73)

Reference no: EM133338882

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