On January 1,2011,the company borrowed $200,000 from Suwannee Local Bank for 10 years at 6%.The company will make equal annual payments of $27,173.58 on December 31 of each year,beginning December 31,2011.
Part B: Select the column that represents the financial statement where the line item will appear.Then fill in the correct dollar amount.

Question

On January 1,2011,the company borrowed $200,000 from Suwannee Local Bank for 10 years at 6%.The company will make equal annual payments of $27,173.58 on December 31 of each year,beginning December 31,2011.
   Part B: Select the column that represents the financial statement where the line item will appear.Then fill in the correct dollar amount.

Quizplus · Accepted Answer

The Answer of On January 1,2011,the company borrowed $200,000 from Suwannee Local Bank for 10 years at 6%.The company will make equal annual payments of $27,173.58 on December 31 of each year,beginning December 31,2011.
   Part B: Select the column that represents the financial statement where the line item will appear.Then fill in the correct dollar amount.

On January 1,2011,the Company Borrowed $200,000 from Suwannee Local Bank