QUESTION 12 On September 1, 20x5, Wells Co, borrowed $500,000 from Second Bank Inc. Interest is payable annually at 6%. Second Bank's prime rate is 5%. Wells only prepares adjusting entries at its December 31 year-end. On December 31, 20x5, Wells should record accrued interest payable of what amount $8,356 $9,945 $10,000 $10,027