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Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2.000 on November 16, 2019, from Natalie's grandmother. Interest

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Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2.000 on November 16, 2019, from Natalie's grandmother. Interest on the note is 6% per year, and the note plus interest was fo be repaid in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2019(1/2 month), December 2019. and January 2020. Calculate the interest payable that was accrued and recorded to July 31, 2020, assuming monthly adfusting entries were made. Interest payable 5

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