What interest expense would be recorded on december 31

Reference no: EM133474367

Question: on january 1, 2024, wildhorse company issued for cash a $570000, 5-year note bearing annual interest at 10% to wilson, inc. the market rate of interest for a note of similar risk is 12%. What interest expense would be recorded on December 31, 2024? $52891; $63469; $57000; $0

Reference no: EM133474367

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