on with 6% interest. How did the year-end accrual On Dec. 31 2018 Malcom Corp. accrured interest on March | 2018. The note was a 1-yr note a $10,000 note payable that it had isued of interest affect malcoms financial statements -Interest payable increased by $500 Notes payable increased asoo -Notes payable decreased 4500 - Inthest payable decreased $500