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tion 35 yet ABC Company issues a three year, 7%, $497,000 note payable on Jan.01. The note will be paid in three annual fixed payments
tion 35 yet ABC Company issues a three year, 7%, $497,000 note payable on Jan.01. The note will be paid in three annual fixed payments of $165,667, plus interest, that are payable at the end of each year. What is the amount of interest expense that should be recognized by the company in the second year? Jered ced out of og question O a $84,790 Ob. $28,193 oc $17,395 O d. $23,968 vious page Next page on 34 Which of the following items found in a cash register drawer at November 30 is NOT considered as Cash? red ed out of O a. A customer cheque post dated December 01. ag question O b. Credit card slips from sales to customers OC Debit card slips from sales to customers O d. A customer cheque dated November 29
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