Buttner Company borrows $88,500 on September 1, 2017, from Harrington State Bank by signing

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 Buttner Company borrows $88,500 on September 1, 2017, from Harrington State Bank by signing an $88,500, 12%, one-year note. How much is accrued interest at December 31, 2017?






$10,620


 


$2,655


 


$3,540


 


$4,425

 
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