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Laura Kevin and Sarah borrowed $46,500 on a 7-month, 4% note from Gem State Bank to open their business. Wilchorses Cotfee House. The money was

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Laura Kevin and Sarah borrowed $46,500 on a 7-month, 4% note from Gem State Bank to open their business. Wilchorses Cotfee House. The money was borrowed on June 1,2022 , and the note matures January 1,2023. Assuming adjustments are made at the end of each month, determine the balance in the interest Payable account at December 31,2022. Balance in interest payable account

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