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On November 1, 2025, Ashton, Inc purchased merchandse inventory for $34,000 by signing a note payable Tho nolo is for 6 months and bears interesi

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On November 1, 2025, Ashton, Inc purchased merchandse inventory for $34,000 by signing a note payable Tho nolo is for 6 months and bears interesi at a tale of 8\%. The joumal entry to record the accrued interest expense on December 31,2025 would be A. Inlerest Expense: 1,360 Interest Payable 1300 B. Interest Payabte 1.300 Interest Expense 1.360 C. interest Expense 453 incerest payable 453 D. Interest Payablo 453 Interest Expense 453

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