Question: Universal Travel Incorporated borrowed $ 5 0 0 , 0 0 0 on November 1 , 2 0 2 4 , and signed a 1

Universal Travel Incorporated borrowed $500,000 on November 1,2024, and signed a 12-month note bearing interest at 6%. Interest is payable in full at maturity on October 31,2025. In connection with this note, Universal Travel Incorporated should report interest payable at December 31,2024, in the amount of:
Note: Round your final answers to the nearest whole dollar.
Multiple Choice
$5,000.
$20,000.
$30,000.
$25,000.
Universal Travel Incorporated borrowed $ 5 0 0 ,

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