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PART 2: LIABILITIES (30 points) 11. The interest on a $100,000, 4 month note payable at 6% interest is: a. $6,000 b. $3,000 c. $2,000

PART 2: LIABILITIES (30 points) 11. The interest on a $100,000, 4 month note payable at 6% interest is: a. $6,000 b. $3,000 c. $2,000 d. $1,000 e. None of the above, the correct answer is

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