D On November 1, 2021, ABC Company borrowed $200,000 in cash issuing a 4% one- year note payable. Payment of the note, plus interest, will be due on October 31, 2022. What is the amount of interest expense to be recorded for 2022? 50°F Cloudy M A) 6,666 B $8,000 C 13,333 D) $4,000 Question 4 4 O Search Office DEPOT. highlighter પાપન 00 C a O A4

D On November 1, 2021, ABC Company borrowed $200,000 in cash issuing a 4% one- year note payable. Payment of the note, plus interest, will be due on October 31, 2022. What is the amount of interest expense to be recorded for 2022? 50°F Cloudy M A) 6,666 B $8,000 C 13,333 D) $4,000 Question 4 4 O Search Office DEPOT. highlighter પાપન 00 C a O A4

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 98PSA

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