Question: I need help with getting the right answer to this problem please 6. Derry Corp issued a 10% note payable in the amount of $3.6
I need help with getting the right answer to this problem please
6. Derry Corp issued a 10% note payable in the amount of $3.6 million on October 1, 2017. The note is payable in three equal annual payments of $1.2 million plus interest. The first interest and principal payment was made on October 1, 2018. Derry's fiscal year end is June 30h, On Derry's balance sheet at June 30, 2019, what amount should be reported as Interest Payable for this
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