Business, 21.01.2021 22:50 hickslily9
Renard Co. issued a note payable to National Bank on September 1, 2018, in the amount of $900,000. The note bears interest at 9% and is payable in three equal annual principal payments of $300,000. On the opening date, the bank's prime rate was 8%. The first payment for interest and principal was made on September 1, 2019. What will Renard record for accrued interest payable on December 31, 2019
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Renard Co. issued a note payable to National Bank on September 1, 2018, in the amount of $900,000. T...
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