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On JuneJune 30,20252025, Maple BankMapleBank Bank loaned $ 80 comma 000$80,000...

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Question

Accounting

On JuneJune 30,20252025, Maple BankMapleBank
Bank loaned
$ 80 comma 000$80,000
to
Perry ConstructionPerryConstruction
on a one-year,
66%
note.
Maple BankMapleBank's
fiscal year ends on
DecemberDecember
3131.
Which party has it?
a.
a note receivable
b.
a note payable
c.
interest revenue
d.
interest expense

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