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On Oct. 1, 2021 Bianca Inc. signed a 1-year $75,000 note payable from Prime National Bank. The loan plus 4% interest is
Posted: Sun Jun 05, 2022 5:20 pm
by answerhappygod
- On Oct 1 2021 Bianca Inc Signed A 1 Year 75 000 Note Payable From Prime National Bank The Loan Plus 4 Interest Is 1 (15.68 KiB) Viewed 45 times
On Oct. 1, 2021 Bianca Inc. signed a 1-year $75,000 note payable from Prime National Bank. The loan plus 4% interest is to be repaid on Sept. 30, 2022. Bianca's year-end is December 31. In its 2021 financial statements, Bianca will record an interest expense of Multiple Choice $3,375 $1,000 $3,000 $250