Business, 12.03.2020 21:53 lexiscaraballo12
On October 1, 2014, Donna Equipment signed a one-year, 6% interest-bearing note payable for $46,000. Assuming that Donna Equipment maintains its books on a calendar year basis, how much interest expense should be reported in the 2015 income statement?
A. $690.
B. $1,380.
C. $2,760.
D. $2,070.
Answers: 3
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On October 1, 2014, Donna Equipment signed a one-year, 6% interest-bearing note payable for $46,000....
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