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Dill Company signed a $3,000 six-month note payable on November 1 that bears interest at...

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Question

Accounting

Dill Company signed a $3,000 six-month note payable on November 1 that bears interest at a rate of 12%. The total interest to be accrued on this note at December 31 is?

a) $90

b) $60

c) $30

d) $180

Answer & Explanation Solved by verified expert
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