Final answer:
The subject of this question is Business, and the grade is High School. In this question, the company purchased office equipment costing $50,000 by signing a 3-month 12% 50,000 note payable.
Step-by-step explanation:
The subject of this question is Business, and the grade is High School.
In this question, the company purchased office equipment costing $50,000 by signing a 3-month 12% 50,000 note payable. This means that the company borrowed $50,000 and will repay it with an additional 12% interest over a period of 3 months.