Refer to Table 4. The December 31, 20X6, balance sheet would report:
A. interest expense of $300
B. interest payable of $100
C. a note payable of $8,600
D. a note payable of $7,700
Answer:B
Refer to Table 4. The December 31, 20X6, balance sheet would report:
A. interest expense of $300 B. interest payable of $100 C. a note payable of $8,600 D. a note payable of $7,700