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On September 1,2012,Daylight Donuts Signed a $100,000,9%,six-Month Note Payable with the Amount

Question 2

Multiple Choice

On September 1,2012,Daylight Donuts signed a $100,000,9%,six-month note payable with the amount borrowed plus accrued interest due six months later on March 1,2013.Daylight Donuts should report interest payable at December 31,2012,in the amount of:


A) $0.
B) $1,500.
C) $3,000.
D) $4,500.

Correct Answer:

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