Interest question accounting?
Four Oaks Golf Inc. was organized on July 1, 2012. Quarterly financial statements are prepared. The trial balance and adjusted trial balance on September 30 are shown here. FOUR OAKS GOLF INC. Trial Balance September 30, 2012 Notes Payable $5,000 Interest Expense $50 Interest Payable $50 If the note bears interest at 12%, how many months has it been outstanding? thank youSee Answer 10 Add Answers