Problemon october 1 2012 cardons paid 1200 to the local, Ask an Expert

Accounting

Problem:

On October 1, 2012, Cardon's paid $1,200 to the local newspaper for an advertisement to run every Thursday for 12 weeks. All ads have been run except for three Thursdays in December to complete the 12-week contract.

Required:

Question: What is the interest expense?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165751

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