Question
On November 1, 2021 a company sign a $200,000.12 percent six-month note payable with the amount borrowed plus occurred interested to six months later on
On November 1, 2021 a company sign a $200,000.12 percent six-month note payable with the amount borrowed plus occurred interested to six months later on May 1, 2022.
What is the amount of interest expense report in 2022?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
