On September 1, 2013, Sharp Corp

question 96

Multiple Choice

On September 1, 2013, Sharp Corp. lent $2,400 to Marla Smith on a 6-month 10% promissory note. The amount of interest to be accrued on December 31 will be:

• A)$240.
• B)$1,440.
• C)$120.
• D)$80.