on july 1 santiago corporation acquired equipment. the company paid 202500 in cash on july 1 and signed a 810000 noninterest bearing note for the remaining balance, which is due on july 1 2025. an interest rate of 7% reflects thje time value of money for this type of loan agreement. which of the following should be included in the hjournal entry (PV of
$1, PVA of $1) What amount of interest expense will be reported for its year ended December 31,2024 ? Multiple Choice
$23,065
$46,130
$43,112
$21,556
