ACC502:01-Accounting for Financial Reporting My Subscriptions Courses/ ACC502:01

Question

ACC502:01-Accounting for Financial Reporting My Subscriptions Courses/ ACC502:01-Accounting for Financial Reporting/Chapter Chapter 9 Homework QUESTION 1 Partislly correet Mark 1.00 out of 3.00 Rag question Analyzing and Computing Accrued Interest on Notes Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as of December 31, 2015 (use a 365-day year): Interest Rate(%) Lender Issuance Date Principal 121/2015 $18,OOD 2/13/7015 14,000 Bildeese12/197015 6,000 10 9% 17% Term 120 days 90 days 0 day NIssim Klein Round your answer to two decimal places Nissim 1972X kleln 62.1 X Bildersee s 63.12 Check You have correctly selected 1 Partially correct Marks for this submission: 1.00/3.00.

Explanation / Answer

Nissim 197.26 =18000*10%/365*40 Klein 62.14 =14000*9%/365*18 Bildersee 63.12 =16000*12%/365*12

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