On September 1, 2019, a firm accepted a 6-month, 8% note for $12,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is
A. $320.00.
B. $240.00.
C. $960.00.
D. No accrual is necessary.
Answer: A
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Answer the following statement true (T) or false (F)
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