Question

On november 1, alan company signed a 120-day, 8% note payable, with a face value of $9,000. what is the adjusting entry for the accrued interest at december 31 on the note?

Answer 1

12,600 x 0,08 X 120/360 = $336

12,600 + 336 = $12936

Answer 2

Answer:

If 120 a day

8% note payable

12,600 x 0,08 X 120/360 = $336

in this day your win = 12,600 + 336 = $12936

Hope this helps :) -Mark Brainiest Please :)