Business, 11.10.2019 05:10 tmrsavage02p7cj16

On june 1, 2016, oakcrest company signed a three-year $110,000 note payable with 9 percent interest. interest is due on june 1 of each year beginning in 2017. what amount of interest expense should be reported on the income statement for the year ended december 31, 2016?

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On june 1, 2016, oakcrest company signed a three-year $110,000 note payable with 9 percent interest....

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