Question: On November 1 , 2 0 2 4 , a company signed a $ 1 0 0 , 0 0 0 , 6 % ,

On November 1,2024, a company signed a $100,000,6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1,2025. The company recorded accrued interest on December 31,2024. What effect does accrued interest have on the financial statements in 2024?

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