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Oil Od 1, 2020, Othello, Inc signed a 1-year 575,000 note payable from First National Bank the loan pius 6% interest is to be paid
Oil Od 1, 2020, Othello, Inc signed a 1-year 575,000 note payable from First National Bank the loan pius 6% interest is to be paid on Sept 30, 2021. Othello's year -end is December 31 . In its 2020 financial statements Othello will record interest expense of Select one A $375. B $1.125. c. $4,500. D. $75,000
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