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On January 1,2013,Thames Company Purchases Property and Signs a 6-Year

Question 120

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On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%.Please see the partial amortization schedule below. On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%.Please see the partial amortization schedule below. For the year 2013,what will be the total interest expense recorded by Thames Company for this mortgage? A) $200.00 B) $9,533.52 C) $11,760.00 D) $2,226.48 For the year 2013,what will be the total interest expense recorded by Thames Company for this mortgage?


A) $200.00
B) $9,533.52
C) $11,760.00
D) $2,226.48

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