Question: A $37,000, two - month, 8% note payable was issued on december 1, 2016. what is the amount of interest expense recorded in the year

A $37,000, two - month, 8% note payable was issued on

A $37,000, two - month, 8% note payable was issued on december 1, 2016. what is the amount of interest expense recorded in the year 2012? $247 $493 $37,493 $2,960

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