The interest on a $4,000, 6%, 90-day note receivable is O $120 O $180 O $240 $60

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 10.1BE: Proceeds from notes payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a...
Question
Please see below. I really need help with this asap. Please include relevant terms and dates as needed.
The interest on a $4,000, 6%, 90-day note receivable is
O $120
$180
$240
$60
Transcribed Image Text:The interest on a $4,000, 6%, 90-day note receivable is O $120 $180 $240 $60
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