On june 30 2009 sideways movers had 243000 in current, Ask an Expert

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On June 30, 2009, Sideways Movers had $243,000 in current assets and $211,000 in current liabilities. On August 1, 2009, Sideways received $50,000 from an issue of promissory notes that will mature in 2012. The notes pay interest on February 1 at an annual rate of 6 percent. Sideways' fiscal year ends on December 31.what is the interest expense for December 31?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977015

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