Question
On June 1, 2017, Kevin Co loaned an employee $13,000 for 9 months. The employee signed a note. The annual interest rate on the note
On June 1, 2017, Kevin Co loaned an employee $13,000 for 9 months. The employee signed a note. The annual interest rate on the note will be 6%. The employee will pay the principal in and interest when it comes due in 2018.
When the note comes due in 2018, the credit to interest receivable will be $_______
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Auditing A Practical Approach
Authors: Robyn Moroney
1st Canadian Edition
978-1118472972, 1118472977, 978-1742165943
