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(Solved): On September 1, 2024, Daylight Donuts signed a $160,000,8% six-month note payable with the amount b ...
On September 1, 2024, Daylight Donuts signed a $160,000,8% six-month note payable with the amount borrowed plus accrued interest due sir months tater on March 1, 2025. Daylight Donuts accrued interest for the note on December 31, 2024. Which of the following would be recorded on the paryment of the note plus accrued interest at meturity on March 1,2025 ? (Do not round your intermediate calculations) Multiple Choice Intecest Expense of $34.267 interest Expense of $2133 interest Expense of $6,400 Interest Payable of $2.133