Saturn, Inc. signed a one-year $24,000 note payable at 8% interest on May 1, 2017. How much interest expense must be accrued on May 31, 2017?
A) $1,920
B) $12,800
C) $160
D) $80
C .
Business
A) $1,920
B) $12,800
C) $160
D) $80
C .