Question: If a governmental entity issued a six-month, $400,000 note payable at 6% interest three months prior to the fiscal year end to help finance

If a governmental entity issued a six-month, $400,000 note payable at 6%

If a governmental entity issued a six-month, $400,000 note payable at 6% interest three months prior to the fiscal year end to help finance a new fire station, Capital Projects Fund interest payable should be accrued as of the end of the fiscal year in the amount of Select one: a. $6,000. b. $24,000. C. $0. d. $12,000.

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