51. The business received a 90-day promissory note of P20,000, carrying an interest of 12% per year. The promissory note is dated May 1, 2013 and the Balance Sheet date of the business is June 30, 2013. The accrued interest is a. 200 C. 800 b. 400 d. 1,600

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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61. The business received a 90-day promissory note of P20,000, carrying an interest of 12% per year. The
promissory note is dated May 1, 2013 and the Balance Sheet date of the business is June 30, 2013. The
accrued interest is
200
C.
800
a.
b.
400
d. 1,600
Transcribed Image Text:61. The business received a 90-day promissory note of P20,000, carrying an interest of 12% per year. The promissory note is dated May 1, 2013 and the Balance Sheet date of the business is June 30, 2013. The accrued interest is 200 C. 800 a. b. 400 d. 1,600
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