ructions med Test This test has a time limit of 5 minutes. This test will save and submit automatically when the time expires Warnings appear when half the time 5 minutes, 1 minute and 30 seconds remain ultiple Attempts Not allowed. This test can only be taken once, orce Completion This test can be served and resumed at any point until time has expired. The time will continue to run if you leave the best Remaining Time: 31 minutes, 41 seconds. Question Compilation Status Moving to another within Question 4 points Johnson Corp. borrowed 560,000 cash on August 1, 2016, and signed a one year 12 interest-bearing note payable. The interest and prinopal are both due on July 31, 2017 Assume that the appropriate adjusting entry was made on December 31, 2016 and that no adjusting entries have been made during 2017 What is the amount of Interest expense to be recorded when the interest and principal are paid on May 21, 2017 54.200 53.600 53,000 $7.200 MacBook Air BO 5 22 A s 4 % 5 & 7 2 3 6 8 9 0 G W E R T Y U O S D F G H J K L V B N M ch 90 command option