(4) The accrued interest on December 31 for a $10,000, 12%, 2-month note payable dated December 1 totals $100. The interest expense recorded on January 30, when the note is paid in full, will total $100.( u! p" V$ g: i! B
# ]* a6 q& I8 C
(A) TRUE; H! q9 K- B0 v' k; `6 y' m" e8 m& ~
(B)FALSE" e2 }7 c0 O" ]6 C