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On November 1,2025 , Ashton, Inc porchased merchandre inventory for 534,000 by signing a note payable Fhe note is far 6 morths and bears merest

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On November 1,2025 , Ashton, Inc porchased merchandre inventory for 534,000 by signing a note payable Fhe note is far 6 morths and bears merest ot a rate of 6%. The joumal entry to record the accrued inlesest expense on December 31,2025 sould be A: interest Expense 1,360 Interest Payable 1360 B. Interest Payatile 1309 Interest Expenso 1,360 c. Interest tixpense 453. interest Payabse 453 D. Interest Payable 453 Interest Expense 453

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