On December 1,Martin Company signed a $5,000,3-month,6% note payable,with the principle plus interest due on March 1 of the following year.What amount of interest expense is accrued at December 31 on the note?
A)$0
B)$25
C)$50
D)$75
E)$300

Question

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The Answer of On December 1,Martin Company signed a $5,000,3-month,6% note payable,with the principle plus interest due on March 1 of the following year.What amount of interest expense is accrued at December 31 on the note?
A)$0
B)$25
C)$50
D)$75
E)$300

On December 1,Martin Company Signed a $5,000,3-Month,6% Note Payable,with the Principle