Connor Company borrows $185,600 cash on November 1, 2013, by signing a 120-day, 8% note

Accounting Mar 25, 2021

Connor Company borrows $185,600 cash on November 1, 2013, by signing a 120-day, 8% note. What is the total amount of interest that Connor will recognize for this note?

a. $4,949

b. $14,848

c. $2,467

d. $0, no interest expense is recognized

e. $1485

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