Answer: $54180
Explanation:
Since the first repayment on September 1, 2021 was $903000, the balance would be:
= $2709000 - $903000
= $1806000
We would then calculate the interest per anumn that will be gotten till september 1, 2021. This will be:
= $1806000 × 9%
= $1806000 × 0.09
= $162540
At December 31, 2021, Oriole should record accrued interest payable of:
= ($162540/12) × 4
= $54180