Solution-Find bianca will record an interest expense of

Find bianca will record an interest expense of

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Reference no: EM132503299

Question 1: On Oct. 1, 2021 Bianca Inc. signed a 1-year $75,000 note payable from Prime National Bank. The loan plus 4% interest is to be repaid on Sept. 30, 2022. Bianca's year-end is December 31. In its 2021 financial statements, Bianca will record an interest expense of

Option 1: $3,000

Option 2: $1,000

Option 3: $250

Option 4: $750

Option 5: $3,375

Reference no: EM132503299

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Find bianca will record an interest expense of : The loan plus 4% interest is to be repaid on Sept. 30, 2022. Bianca's year-end is December 31. In its 2021 financial statements, Bianca will record an interest.

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Find bianca will record an interest expense of

Reference no: EM132503299

Reference no: EM132503299

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