On May 1, 2020, Amalin Co. sold 545,000 of socks (inventory) and accepted a note...
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On May 1, 2020, Amalin Co. sold 545,000 of socks (inventory) and accepted a note payable from Nathal Co. The note payable was for 90 days and carried an 8.5% interest. Amalin Co. has June 30, 2020 as fiscal year end. The interest accrued on the note at the fiscal year end is? (Round-up your calculations to 2 decimals). O A. $2,821.72 OB. $639.25 O C. $628.77 OD. $471.58 Click to select your answer Type here to search OG
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