What amount should jane & acircs report as expense, Accounting Basics

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What amount should jane & acircs report as expense

Jane's Donut Co. borrowed $200,000 on January 1, 2009, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2011. In connection with this note, what amount should Jane & acircs report as interest expense at December 31, 2009?

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Accounting Basics: What amount should jane & acircs report as expense

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Accounting Basics: What amount should jane & acircs report as expense

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