What total amount owed to the bank should be shown on the, Financial Management

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What total amount owed to the bank should be shown on the

Perfunctory Engineering uses a calendar year as its financial year. The company borrowed $200,000 from a bank on December 1, 2014. The agreement requires that the total amount be repaid on February 28, 2015 along with the $6,000 of interest ($2,000 each month) for the three month loan. On January 1, 2015 what total amount owed to the bank should be shown on the company's balance sheet?

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Financial Management: What total amount owed to the bank should be shown on the

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