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e. Declared that the company would pay $20,000 in cash dividends to investors next month f. On October 1, 2011 Company A borrowed $100,000 from
e. Declared that the company would pay $20,000 in cash dividends to investors next month f. On October 1, 2011 Company A borrowed $100,000 from Bank Of Curry at 10% interest. Interest and Principal is due upon maturity of the note in 5 years 5. Record the interest expense on the note payable discussed in the above transaction on December 31, 2011
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