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Conner company borrows 187500 cash on november 1 2013 by

Question - Conner Company borrows $187,500 cash on November 1, 2013, by signing a 90-day, 8% note. What is the total amount of interest expense that Conner will recognize for this note?

a. $3,750.

b. $2,973.

c. $15,000.

d. $1,500.

e. $0, no interest expense is recognized.

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Accounting Basics: Conner company borrows 187500 cash on november 1 2013 by

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