Pattie's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances: On the first day of January, Pattie borrowed $1,800 on a one-year note payable bearing interest at 4% per year. The note specifies that principal and interest is to be paid in full at the end of the one-year period. On June 30, the adjusted trial balance will show what amount for Interest expense?

Question

Pattie's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances:  On the first day of January, Pattie borrowed $1,800 on a one-year note payable bearing interest at 4% per year. The note specifies that principal and interest is to be paid in full at the end of the one-year period. On June 30, the adjusted trial balance will show what amount for Interest expense?

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The Answer of Pattie's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances:  On the first day of January, Pattie borrowed $1,800 on a one-year note payable bearing interest at 4% per year. The note specifies that principal and interest is to be paid in full at the end of the one-year period. On June 30, the adjusted trial balance will show what amount for Interest expense?

Pattie's Event Planning Service Has Just Prepared the Unadjusted Trial