What amount of interest expense is accrued at december
Problem
On December 1, Watson Enterprises signed a $29,000, 60-day, 6% note payable as replacement of an account payable with Erikson Company. What amount of interest expense is accrued at December 31 on the note?
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On December 1, Watson Enterprises signed a $29,000, 60-day, 6% note payable. What amount of interest expense is accrued at December 31 on the note?
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