Question 16 2.5 pts On October 1, Air Suppliers purchased equipment of $12,000 and the supplier agreed to issue a note for the purchase price allowing Air Suppliers to pay 8 months from now. The note has a stated annual interest rate of 6%. Air Suppliers has a calendar year end and issues financial statements at that date. The journal entry to record the repayment of the note will include a debit to interest expense for: O a. $720 O b. $480 c. $300 O d. $0 e. None of the above Question 17 25 ntr