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Majan Company signs a four-month note payable to help finance increases in inventory for Ramadhan season. The note is signed on September in the amount

Majan Company signs a four-month note payable to help finance increases in inventory for Ramadhan season. The note is signed on September in the amount of R.O.25.000 with annual interest of 6%. What is the amount of interest expense for adjusting entry made on December 31, if no entries have been made previously for the interest? Select one a. R.O. 375 b.R.O.500 CRO. 1.500 d.R.O. 125

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