(4) The accrued interest on December 31 for a $10,000, 12%, 2-month note payable dated December 1 totals $100. The interest expense recorded on January 30, when the note is paid in full, will total $100.9 Z- Q' D; T4 R: ^' S
9 c) b" A& F4 r# w4 @8 J(A) TRUE0 R$ }: G' S6 Y& E( M
(B)FALSE5 J/ O: X K& J" @" L