On November 1, Year 1, Noble Co. borrowed $80,000 from South Bank and signed a 12%, six-month note payable, all due at maturity. The interest
On November 1, Year 1, Noble Co. borrowed $80,000 from South Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, Year 1, Noble Co.'s overall liability for this loan amounts to: Oa. $80,000. Ob. $81,600. Oc. $83,200. Od. $84,800
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