Multiple Choice
Saturn Services Company signed a one-year $24,000 note payable at 8% interest on May 1,2017.How much interest expense must be accrued on May 31,2017? (Round any intermediate calculations to two decimal places,and your final answer to the nearest whole number. )
A) $1,920
B) $12,800
C) $160
D) $80
Correct Answer:
Verified
Correct Answer:
Verified
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