Accrued Interest Payable
Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31:
Use 360 days for calculations and round to the nearest dollar.



Lender Date of Note Principal Interest Rate (%) Term
Maple November 21 $22,000 12% 120 days
Wyman December 13 18,000 10% 90 days
Nahn December 19 20,000 10% 60 days