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On November 1, GHI Company signed a 90-day, 12% note payable, with a face value of $10,000. What amount of interest expense is accrued on

On November 1, GHI Company signed a 90-day, 12% note payable, with a face value of $10,000. What amount of interest expense is accrued on the note at December 31? (Use 360 days per year)

A. $0.00

B. $200

C. $1,200

D. $300

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