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On July 8, Jones Inc. issued an $64,900,6%, 120-day note payable to Miller Company. Assume that the local year of Jones ends on July 31.

On July 8, Jones Inc. issued an $64,900,6%, 120-day note payable to Miller Company. Assume that the local year of Jones ends on July 31. Using the 30-yew what is the amount of interest expense recognized by Jones in the current fiscal year? Round your answer to the nearest whole dollar Oa. $541 b. 5649 Oc. $325 Od. 5249

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