History Bookmarks People Tab Window Help Zoom 28) Gamma Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare the required ingeries at December 31:A one-year bank loan of 5720,000 at an annual interest rate of had been obtained December 1. The company's pays all employees up-to-date each Friday for a five-day workweek Since December 31 fell on Tuesday, there was a liability to employees December 31 for two day's pay (Monday and Tuesday). Employees camas of 12.00 per work on December 1, rent on the office building had been paid for three months. They rent is $7,000 Depreciation of office equipment is based on an estimated life of five years. The balance in the Office Equipment account is $12.360, ne changes is the count during the year. All fees totaling 519,800 were earned during the month for clients who had paid in advance. What amount of interest expense has accrued A) 53,000 Version 1 B) $3.500 O Send a chat