Question: Jupiter, Inc, signed a one - year $45,000 note payable at 9% interest on April 1, 2016. If Jupiter, Inc, only adjusts its accounts once

Jupiter, Inc, signed a one - year $45,000 note payable at 9% interest on April 1, 2016. If Jupiter, Inc, only adjusts its accounts once a year at year - end, how much interest expense was accrued on December 31, 2016? (Round any intermediate calculations to two decimal places, and final answer to the nearest whole number.) A. $4, 050 B. $3, 038 C. $1, 013 D. $3, 375

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