Jupiter Company Signed a One-Year $47,000 Note Payable at 8

question 30

Multiple Choice

Jupiter Company signed a one-year $47,000 note payable at 8% interest on May 1,2016.If Jupiter Company only adjusts its accounts once a year at year-end,how much interest expense was accrued on December 31,2016? (Round any intermediate calculations to two decimal places,and your final answer to the nearest whole number. )

• A)$940
• B)$3,760
• C)$2,820
• D)$3,133

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Definitions:

Awareness

The knowledge or perception of a situation or fact, often referring to the ability to directly know and perceive, to feel, or to be cognizant of events.

Stream of Consciousness

A literary style or mental process where thoughts and feelings are presented in a continuous flow, mimicking the human mind's natural operation.

Circadian Rhythm

The physical, mental, and behavioral changes that follow a daily cycle, responding primarily to light and darkness in an organism's environment.

Level of Awareness

The extent to which an individual is conscious of aspects of their environment or personal experiences.