(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 $100. 0 I1 s; p5 G; V0 G% Q X9 i- n9 G+ x& a) P; s( D4 y
(A) TRUE+ k5 o: i% M& Z) g
(B)FALSE1 A5 i' M, G1 {$ P