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What is Petry Company accrued interest for all notes payable

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Reference no: EM132849127

Problem - The following balloon (i.e., principal and interest paid at end of term) notes payable are owed by Petry Company, as of December 31, 2017.

Lender

Issuance Date

Principal

Coupon Rate (%)

Term

Nissim

10/31/17

$20,000

11%

9 Months

Klein

11/30/17

15,000

8

8 Months

Bildersee

11/30/17

17,000

10

5 Months

Required - What is Petry Company's accrued interest for all notes payable owed as of March 31, 2018?

Reference no: EM132849127

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