Question 6 0.5 pts ABC Company signed a one-year $12,000 note payable at 8% interest on May 1, 2012. If ABC only adjusts their accounts once a year at year-end, how much interest expense must be accrued on December 31, 2012? $960. o $640 D $474 O $320 Previous tosne Last checked at 9:21pm Submit Quiz