The Pita Pit borrowed $204,000 on November 1, 2024, and s/gned a six-month note bearing...
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Accounting
The Pita Pit borrowed $204,000 on November 1, 2024, and s/gned a six-month note bearing interest at 12%. Principal and interest are poyable in KAl at moturity on May 1, 2025. In connection with this note, what is the amount of interest expense that Pits Pit should report in its income watement for the your ended December 31, 2024? Multiple Choice 54,080 50 $12,240 524,400
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