On July 31, 20x1, the McGyver Company borrowed $817189 from one of its customers and...
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On July 31, 20x1, the McGyver Company borrowed $817189 from one of its customers and issued a note payable for the amount. The interest, payable annually is 5%. The balance of the note is payable on July 31, 20x21. The company's year-end is December 31. What is the cash outflow on the notes payable at July 31, 20x2? Select one: a. $ 17025 b. $ 23835 c. $ 40859 1 d. $0 Check
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