Multiple Choice
On November 1 of the current year,Garcia Company borrowed $50,000 by issuing a 9%,six-month note payable,all due at maturity date.Interest expense on this note to be recognized during the current year amounts to:
A) $500.
B) $750.
C) $1,500.
D) $4,500.
Correct Answer:
Verified
Correct Answer:
Verified
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