The bank obligation expired, no payment was made, but it is necessary to incur, as an expense, the interest paid in advance and estimate $ 140 of interest on the debt that will be paid when the owner arrives later. I have interest paid in advance for $ 230. Therefore, I don't know if those payments made become expenses and costs to pay? Also, I don't know what to do with the $140

Answer rating: 100% (QA)

IN THE GIVEN CASE INTEREST PAID IN ADVANCE 230 BANK OBLIGATI... View the full answer