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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
wrote...
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Posts: 5977
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9 years ago
If a governmental entity issued a six-month, $400,000 note payable at 6% interest three months prior to the fiscal year end to help finance a new fire station, Capital Projects Fund interest payable should be accrued as of the end of the fiscal year in the amount of
A.   $0.
B.   $6,000.
C.   $12,000.
D.   $24,000.
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3 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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Posts: 10774
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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