Question: A $37,000, six-month, 11% note payable was issued on December 1, 2017. Company is making quarterly adjustment. What is the amount of the first adjustment?

A $37,000, six-month, 11% note payable was issued on December 1, 2017. Company is making quarterly adjustment. What is the amount of the first adjustment? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

A.
$247
B.
$493
C.
$1017
D.
$339

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