In September of 2016,Hansen Company Issued a Note Payable to Borrow

True/False

In September of 2016,Hansen Company issued a note payable to borrow money from its bank.Principal and interest on the note would come due in June 2017.Interest expense on this note must be accrued at the end of 2016 for the period from issuance of the note to the last day of the accounting period.