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18-09-2019
Business

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West County Bank agrees to lend Pharoah Company $432000 on January 1. Pharoah Company signs a $432000, 6%, 6-month note. What entry will Pharoah Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 30?

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ujgerman ujgerman

27-09-2019

Answer:

D C

Accrued expenses 12960

Cash 12960

Explanation:

capital % interest Interest

432000 6% 12960 six months

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