Royalty Inc. lends to Shakespeare LTD. $50,000 on November 16. Shakespeare LTD.  signs the 10%, 90-day note.  ***Remember interest accruing starts the next day.*** 1. What is the amount of accrued interest December 31? $ 2. What is the amount of interest expense February 14? $ 3. What is the maturity value paid when the note is honored? $

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A: Notes are a form of debt or loan for the business, on which it has to make regular interest…

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Q: 2, 69 st dol

A: Answer : Interest = Notes value * Interest rate * Days Interest = $75,972 * 6%*120/360 Interest =…

Q: . At December 31, Black should record interest revenue of

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Q: Determine the due date and the amount of interest due

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A: 1.

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A:

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