Question: On September 1 , 2 0 2 4 , Daylight Donuts signed a $ 1 2 0 , 0 0 0 , 8 % ,

On September 1,2024, Daylight Donuts signed a $120,000,8%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1,2025. Daylight Donuts accrued interest for the note on December 31,2024. Which of the following would be recorded on the payment of the note plus accrued interest at maturity on March 1,2025?(Do not round your intermediate calculations.)
Multiple Choice
Interest Payable of $1,600
Interest Expense of $1,600
Interest Expense of $3,200
Interest Expense of $4,800
On September 1 , 2 0 2 4 , Daylight Donuts signed

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