What is the accrued interest at dec. 31, 2008


Maggie Sharrer Company borrows $88,500 on Sept. 1, 2008, from Sandwich State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at Dec. 31, 2008?

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Accounting Basics: What is the accrued interest at dec. 31, 2008
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