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  3. resutek co. issued a 90-day note payable for $300,

Resutek Co. issued a 90-day note payable for $300,000 on November 1, 2019 with an...

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Accounting

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Resutek Co. issued a 90-day note payable for $300,000 on November 1, 2019 with an annual interest rate of 8%. Assuming a 360-day year, what amount of interest has accrued as of December 31, 2019? What is the total amount of interest that will be paid on this note (including 2019 and 2020)? a. $2,000 for 2019; $24,000 in total b. $4,000 for 2019; $6,000 in total c. $2,000 for 2019; $4,000 in total d. $4,000 for 2019; $24,000 in total 90. Prestige Corporation had an accounts receivable balance of $45,000 on October 1, 2019 and a balance of $23,000 on October 31, 2019. Assuming Prestige recorded $12,000 of credit sales during October, how much cash did Prestige collect on accounts receivable during the month? a. $10,000 b. $34,000 c. $22,000 d. $80,000

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