Question 11
ed to leave the quiz once the test
0.5 pts
On October 1, 2022, Donna Equipment signed a one-year, 9% interest-bearing note payable for $50,000. If Donna Equipment maintains
its books on a calendar year basis, how much interest expense should be reported in the 2023 income statement?
O $2,250.
O $4,500.
O $3,375.
O $1,125.
N