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Abardeen Corporation borrowed $ 1 3 3 , 0 0 0 from the bank on October 1 , Year 1 . The note had an
Abardeen Corporation borrowed $ from the bank on October Year The note had an percent annual rate of interest and matured on March Year Interest and principal were paid in cash on the maturity date. Required: A what amount of cash did Abardeen pay for interest in year B what amount of interest expense was recognized on the year income statement? round your answer to the nearest dollar amount C What amount of total liabilities was reported on December st year balance sheet? round to the nearest dollar amount D What total amount of cash was paid to the bank on March st year for principal and interest? E What amount of interest expense was reported was reported on the year income statement? round your answer to the nearest dollar amount
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