On september 1 2010 daylight donuts signed an 100000 9, Ask an Expert

Accounting

On September 1, 2010, Daylight Donuts signed an $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2011. Daylight Donuts should report interest payable at December 31, 2010, in the amount of:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M974399

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