Solution-What the interest accrued on the note at the

What the interest accrued on the note at the fiscal year end

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Problem 1: On May 25, 2020, Amalin Co. sold to Natahal. Co. socks for $45,000 by accepting a note payable. The note payable was for 45 days and carried an 6.5% interest. Amalin Co. has June 30, 2020 as fiscal year end. The interest accrued on the note at the fiscal year end is? (Round-up your calculations to 2 decimals)

A. $2, 157.79

B. $480.82

C. $360.62

D. $296.51

Reference no: EM132700815

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What the interest accrued on the note at the fiscal year end

Reference no: EM132700815

Reference no: EM132700815

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