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How much must xyz co pay to webster bank on july

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On November 1,2018,XYZ Co.borrowed $120000 from Webster bank and signed 14%,8 month note payable,all due at maturity.The interest on this loan is stated separately.

Question 1: How much must XYZ Co. pay to Webster bank on July 1 2019 when the note matures?

Question 2: How much interest expense will XYZ Co. recognise on this note in 2019?

Question 3: At December 31,2018,XYZ Co.'s overall liability (principal +interest) for this loan amount to

Reference no: EM132558214

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