Maywood, Inc. signs a $11,000, 8.5%, six-month note dated November 1, 2017. The interest expense recorded for this note in 2017 will be ________
A) $935
B) $156
C) $468
D) $312
B .Interest Expense ($11,000 x 8.5% x 2/12 ) 156
Interest Payable 156
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