accounting question help

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

i am stuck on the following problem.

http://imgur.com/7ayv3SX

http://imgur.com/hCQTgaZ

 need help with line 7

7. Recorded the accrued interest on December 31, 2010. see line 4

u can see what line 4 is in the first pic

any help would be appreciated

Mar 17th, 2015

Loan given on September 1,2010 is an financing activity. 

Accrued interest for 4 months (in dollars)   =   11000×8%×4/12

                                                                              = $293.33

Mar 17th, 2015

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Mar 17th, 2015
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Mar 17th, 2015
Sep 25th, 2017
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