Question: could you explain why im multiplying 4/12? I always mess up on problems that has this On September 1, 2018, Daylight Donuts signed a $100,000,

could you explain why im multiplying 4/12? I always mess up on problems that has this

On September 1, 2018, Daylight Donuts signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2019. Daylight Donuts should report interest payable at December 31, 2018, in the amount of: ANSWER IS [($100,000 9%) 4/12] = $3,000.

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