After accruing all interest expense due as of April 1, 2013, Bowers Company made the cash payment for the full amount due (i.e., principal and interest) to Mid-Rivers Bank. Select the answer that shows how the cash payment will affect Bowers' financial statements.
A)Option A
B)Option B
C)Option C
D)Option D

Question

After accruing all interest expense due as of April 1, 2013, Bowers Company made the cash payment for the full amount due (i.e., principal and interest) to Mid-Rivers Bank. Select the answer that shows how the cash payment will affect Bowers' financial statements. 
A)Option A 
B)Option B 
C)Option C 
D)Option D

Quizplus · Accepted Answer

At maturity, the face value of the note ($9,000) is repai

After Accruing All Interest Expense Due as of April 1