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uranmaximum [27]
3 years ago
7

If you take out a loan, which two things do your loan payments go toward?

Business
2 answers:
Alborosie3 years ago
5 0
Shelter and food? unless you have that loan for something else
solniwko [45]3 years ago
4 0
Well, loans could go toward many things...  

-payments (on like a house or something else you pay)
-anything you need  (food, clothes...)
-entertainment (electronics and stuff) (probably not, but it could) 
-or anything else you need (probably will cost a lot though
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On September 1, ABC Company borrowed $50,000 on a 6%, 9-month note payable to XYZ National Bank. Given no previous adjusting ent
scZoUnD [109]

Answer:

c. debit to Interest Expense of $1,000.

Explanation:

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7 0
3 years ago
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Answer:

The correct answer is (D)

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