On November 1, 2024, a company signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2025. The company's fiscal year-end is December 31. What is the amount of interest expense reported in 2025: Multiple Choice $2,000. $0. $3,000.

On November 1,2024 , a company signed a $100,000,6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2025. The company's fiscal year-end is December 31. What is the amount of interest expense reported in 2025 Multiple Choice $2000 50 53,000