On January 1, 2025, Weevil Company signed a $70,000, two-yea…
On January 1, 2025, Weevil Company signed a $70,000, two-year, 5% note, The loan required Weevil to make annual payments on December 31 of $50,000 principal plus interest. How much interest expense should Weevil Company record on December 31, 2025? In order for your answer to be graded correctly, do NOT use a $. DO use commas, when needed.