SWFT Corp Partner Estates Trusts
42nd Edition
ISBN: 9780357161548
Author: Raabe
Publisher: Cengage
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Please solve this question general accounting
On June 30, 2009, Straight Movers had $243,000 in current assets and $211,000 in current liabilities. On August 1, 2009, Straight received $50,000 from an issue of promissory notes that will mature in 2012. The notes pay interest on February 1 at an annual rate of 6 percent. Straights' fiscal year ends on December 31. What is the interest expense for December 31?
What was the company's revenue for the year? Provide correct answer general accounting
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