On October 1, 2017, Ealys Jewelers accepted a 4-month, 11% note for $6,000 in settlement of an overdue account receivable
The accounting period ends on December 31. Calculate the accrued interest on the note at December 31, 2017. (Round your answer to the nearest dollar.)
A) $165
B) $220
C) $660
D) $330
A .($6,000 x 11%) x 3/12 = $165
Business
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