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Charles Co

Question 60

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Charles Co. repaid a note payable on September 30, 2013. The 8-month note had been issued on February 1, 2013. The $10,400 cash payment included a $10,000 repayment of principal and a $400 payment for interest. Charles Co. repaid a note payable on September 30, 2013. The 8-month note had been issued on February 1, 2013. The $10,400 cash payment included a $10,000 repayment of principal and a $400 payment for interest.

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(D) (D) (D) (N) (I) (D) (D)
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