On september 1 2011 donna equipment signed a one-year 8

Reference no: EM13574771

On September 1, 2011, Donna Equipment signed a one-year, 8% interest bearing note payable for $50,000. Assuming Donna maintains its books on a calendar year basis, the amount of interest expense that should be reported in the 2012 income statement?

Reference no: EM13574771

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