Multiple Choice
The interest on a $50,000 note at 9% for 4 months is:
A) $1,500
B) $1,125
C) $4,500
D) $18,000
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: A written promise to pay a specified
Q16: Prepare adjusting journal entries for the following
Q17: Under the allowance method,if bad debt write-offs
Q18: Global Alliance Ltd has just established a
Q19: The December 31,2014 unadjusted trial balance of
Q21: If a bookkeeper mistakenly recorded a disbursement
Q22: The category "Other Receivables" on the balance
Q23: Identify and briefly describe four ways to
Q24: In a bank reconciliation,outstanding cheques are:<br>A) added
Q25: The following account balances were extracted from