Lennon Company Signed a 12-Month,$50,000,8% Note on June 1,2015

question 139

Multiple Choice

Lennon Company signed a 12-month,$50,000,8% note on June 1,2015.The amount of interest to be accrued on December 31,2015,is (round to nearest dollar) :

• A)$333.
• B)$1,667.
• C)$2,333.
• D)$4,000.

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