Question: I need help solving this financial accounting question with the proper methodology. On July 1, Summit Enterprises issues a $150,000, six-month, 5% note. Interest is

I need help solving this financial accounting question with the proper methodology.

On July 1, Summit Enterprises issues a $150,000, six-month, 5% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjustment on December 31

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