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A. What is the interest expense incurred by Ferner in 2017? B. What is the total amount Ferner owes the bank on the December 31,

A. What is the interest expense incurred by Ferner in 2017?
B. What is the total amount Ferner owes the bank on the December 31, 2017?
C. What is the interest expense incurred by Ferner in 2018?
D. How much cash will Ferner pay the bank on March 1, 2018? image text in transcribed
(2) Ferner Co. borrowed $25,000 from a bank on June 1, 2017. Ferner signed a 9 month (due March 1, 2018), 6% note. Required (show calculations) A. What is the interest expense incurred by Ferner in 2017? B. what is the total amount Ferner owes the bank on December 31, 2017? C. What is the interest expense incurred by Ferner in 2018? D. How much cash will Ferner pay the bank on March 1, 2018

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