Question: On September 1, 2021, Daylight Donuts signed a six-month note payable with the amount borrowed plus accrued interest due six months later on March

On September 1, 2021, Daylight Donuts signed a six-month note payable with

On September 1, 2021, Daylight Donuts signed a six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. The company borrowed $268,000 at an annual rate of 7%. Daylight Donuts should report interest payable at December 31, 2021, in the amount of (Do not round your intermediate calculations.) Multiple Choice $6,253 $0. $3,127. $9,380.

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