Question: Teng Inc. issued a $ 3 0 , 0 0 0 , 8 % , 5 - month note on October 2 nd . How

Teng Inc. issued a $30,000,8%,5-month note on October 2nd. How much interest should Teng accrue in an adjusting entry on December 31 st?
$2,400
$600
$1,200
$800
Teng Inc. issued a $ 3 0 , 0 0 0 , 8 % , 5 -

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