Ware company borrowed 10000 on september 1 2011 from the

Reference no: EM13572776

Ware Company borrowed $10,000 on September 1, 2011 from the National Bank. Ware agreed to pay interest annually at the rate of 6% per year. The note issued by Ware carried an 18-month term. Based on this information the amount of interest expense appearing on Ware's 2011 income statement would be

	$150.
	$60.
	$-0-.
	$200.

Reference no: EM13572776

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