Global Enterprises, Inc. signed a oneminus year $ 46 comma 000 note payable at 8...
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Accounting
Global Enterprises, Inc. signed a
oneminus
year
$ 46 comma 000
note payable at
8
%
interest on April 1, 2018. If Global only adjusts its accounts once a year at
yearminus
end,
how much interest expense was accrued on December 31, 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)
A.
$ 3 comma 067
B.
$ 2 comma 760
C.
$ 920
D
Answer & Explanation
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