Question: I'm not sure how they got $8000. I got $4000 because 200000 * 0.12 * 2/12 On November 1, 20X1, a company signed a $200,000,

I'm not sure how they got $8000. I got $4000 because 200000 * 0.12 * 2/12

On November 1, 20X1, a company signed a $200,000, 12%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 20X2. What is the amount of interest expense to report in 20x2? Multiple Choice $0 0 $12,000 $8,000

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