Business, 21.04.2020 00:38, ellycleland16

The Pita Pit borrowed $204,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2022. In connection with this note, The Pita Pit should report interest expense at December 31, 2021, in the amount of:.
a. $0.
b. $3,960.
c. $11,880.
d. $23,760.

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The Pita Pit borrowed $204,000 on November 1, 2021, and signed a six-month note bearing interest at...