Your answer is partially correct. You and several classmates are studying for the next accounting exam. They ask you to answer the following questions: (Round answers to O decimal places, e.g. 125.) 1. If cash is borrowed on a $100,200, 9-month, 6% note on August 1, how much interest expense would be incurred by December 31? Interest expense $ 4509 11 2

You and several classmates are studying for the next accounting exam. They ask you to answer the following questions: (Round answers to O decimol places, es. 125.) 1. If cash is borrowed on a $100,200,9-month, 6% note on August 1, how much interest expense would be incurred by December 31 ? Interest expense