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Gold Company borrowed $495,000 on November 1, 2022, and signed a 12-month note bearing interest at 4%. Interest is payable in full at maturity on
Gold Company borrowed $495,000 on November 1, 2022, and signed a 12-month note bearing interest at 4%. Interest is payable in full at maturity on October 31, 2023. In connection with this note, Gold Company should report interest payable at December 31, 2022, in the amount of: (Round your final answers to the nearest whole dollar.)
$19,800.
$13,200.
$3,300.
$16,500.
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