Jupiter Company signed a one-year $36,000 note payable at 8% interest on March 1,2019.How much interest expense must be accrued on May 31,2019? (Round any intermediate calculations to two decimal places,and your final answer to the nearest whole number.)
A) $2,880
B) $1,080
C) $720
D) $360
Correct Answer:
Verified
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