Page 1 of 1
Question 20 Not yet answered Points out of 2.27 Flag question Ware Company borrowed $10,000 on September 1, 2020 from th
Posted: Fri Jul 01, 2022 8:27 am
by answerhappygod
- Question 20 Not Yet Answered Points Out Of 2 27 Flag Question Ware Company Borrowed 10 000 On September 1 2020 From Th 1 (18.67 KiB) Viewed 33 times
Question 20 Not yet answered Points out of 2.27 Flag
question Ware
Company borrowed $10,000 on September 1, 2020 from the National Bank. Ware agreed to pay interest annually at the rate of 6% per year. The note issued by Ware carried an 18-month term. Based on this information the amount of interest expense appearing on Ware's 2020 income
statement would be Ⓒa. $150. Ob. $-0- OC. $200. Od. $60.