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Tidesin Corporation began 2014 owing notes payable of $4.3 million. During 2014 Tidesin borrowed $1.9 million on notes payable and paid off $1.6 million the
Tidesin Corporation began 2014 owing notes payable of $4.3 million. During 2014 Tidesin borrowed $1.9 million on notes payable and paid off $1.6 million the year was $0.9 million, including S0.3 milion of interest payable accrued at December 31, 2014. f notes payable from prior years. Interest expense for Show what Tidesin should report for these facts on the following financial statements (Enter all amounts in millions.): .Income statement for 2014 a. Interest expense Balance sheet as of December 31, 2014 a. Notes payable b. Interest payable 1. Show what Tidesin should report for these facts on the income statement Accounts (In millions) a. Interest expense
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