Business, 18.02.2020 04:58 kaffolter25

On September 1, 2017, Halley Co. issued a note payable to Fidelity Bank in the amount of $2,700,000, bearing interest at 10%, and payable in three equal annual principal payments of $900,000. On this date, the bank's prime rate was 11%. The first payment for interest and principal was made on September 1, 2018. At December 31, 2018, Halley should record accrued interest payable of:a. $ 54450. b. $ 80550. c. $181500.d. $ 89500.

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On September 1, 2017, Halley Co. issued a note payable to Fidelity Bank in the amount of $2,700,000,...

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