References eBook & Resources Difliculty.3la g OLjecive 09 P1 Prepsare enries lo

Question

References eBook & Resources Difliculty.3la g OLjecive 09 P1 Prepsare enries lo account for shol le m noles payable 3. 111 polnts 0M5 ard 20M6 3. D r-min_ the neres! ( xpert #10h, fined rthie inyustirg-ntry at th-erni o 2D15 (DD not round your intarmediat ca culations. Round your final answer to nera: r end aecrual required for: Fargo Bank LSAG The pe-penal inventory synn note bering 9 annual rnrtalong witn pay ng S1.500 n cas. July 8 Borrowed S60.000 cash Tom NBR Ben, by 5g 120-day, % interest. Interest to be accrusd in 2016 Haid the amoum cue on the none tO N Bank attha maturity cate Nov. 29 Domowed S27.000 c5sh from Fargo Dan

Explanation / Answer

Fargo Bank Principal X Rate X Time = Interest Interest to be accrued in 2015 27000 X 9% X 33/360 = 223

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