What amount of accrued interest payable should Beauty report

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Question - On June 1, 2021, Beauty Corp. issued an 8-month $300,000 note payable, with 12% interest. Principal and interest are due at maturity on January 31, 2022. Beauty Corp. has a December 31st fiscal year end. What amount of accrued interest payable should Beauty report in its December 31, 2021 balance sheet?

Reference no: EM132884510

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