Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Southland, Inc., on December 31: (Use 360 days for interest calculation. Round to the nearest dollar.) Date of Maker Note Maple November 21 Wyman December 13 Nahn December 24 21,000 Maple: $ Wyman: Nahn: Interest Principal Rate Term $20,000 10% 120 days 14,000 9% 90 days 6% 60 days 667 x 855 x 0 x

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Computing Accrued Interest
Compute the interest accrued on each of the following notes receivable held by Southland, Inc., on December 31: (Use 360 days for interest calculation. Round to the nearest
dollar.)
Date of
Maker Note Principal
Maple November 21 $20,000
Wyman December 13
14,000
21,000
Nahn December 24
Maple: $
Wyman:
Nahn:
667 *
855 x
0 x
Interest
Rate Term
10% 120 days
9%
6%
90 days
60 days
Transcribed Image Text:Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Southland, Inc., on December 31: (Use 360 days for interest calculation. Round to the nearest dollar.) Date of Maker Note Principal Maple November 21 $20,000 Wyman December 13 14,000 21,000 Nahn December 24 Maple: $ Wyman: Nahn: 667 * 855 x 0 x Interest Rate Term 10% 120 days 9% 6% 90 days 60 days
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