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 $3,000 $2,000. $1,000. $0.

On November 1, 2024, a company signed a 5100,000,6%, sox-month note payble with the amount borrowed plus accrued interest due six months later on Moy 1, 2025. The company's fiscol yearend is December 31. What is the amount of interest expense reported in 2025 Musiple choice 13000 12000 11090 10