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Business, 10.11.2019 01:31 ljcervantes6610
Universal travel, inc. borrowed $500,000 on november 1, 2012, and signed a twelve-month note bearing interest at 6%. principal and interest are payable in full at maturity on october 31, 2013. in connection with this note, universal travel, inc. should report interest payable at december 31, 2012, in the amount of: a. $8,000.b. $30,000.c. $5,000.d. $25,000.
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Universal travel, inc. borrowed $500,000 on november 1, 2012, and signed a twelve-month note bearing...
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