What is the accrued interest at december 31, 2011


Maggie Sharrer Company borrows $88,500 on September 1, 2011, from Sandwich State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at December 31, 2011?

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Accounting Basics: What is the accrued interest at december 31, 2011
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