Business
Business, 16.12.2020 16:40, aydenmasonc

On September 1, 2020, Oriole Company issued a note payable to Fidelity Bank in the amount of $2709000, bearing interest at 9%, and payable in three equal annual principal payments of $903000. On this date, the bank's prime rate was 10%. The first payment for interest and principal was made on September 1, 2021. At December 31, 2021, Oriole should record accrued interest payable of $90300. $81270. $54180. $180600.

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On September 1, 2020, Oriole Company issued a note payable to Fidelity Bank in the amount of $270900...

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