On Feb 15, Fuzzy Buddies LLC took out a $5,000, 8%, 4 month note. What...
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On Feb 15, Fuzzy Buddies LLC took out a $5,000, 8%, 4 month note. What is the entry to record the interest paid on June 1St? A) Interest Expense $133 Cash $133 B) Cash $400 Interest Expense $400 C) Interest Expense $133 Interest Payable $133 D) Note Payable $1,600 Interest Expense 1,600
A) Interest Expense $133 Cash $133
B) Cash $400 Interest Expense $400
C) Interest Expense $133 Interest Payable $133
D) Note Payable $1,600 Interest Expense 1,600
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