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Posted on Oct 01, 2024

Universal Travel Incorporated borrowed $ 4 9 9 , 0 0 0 on November 1 , 2 0 2 4 , and signed a 1

Universal Travel Incorporated borrowed $

499, 000

on November

1, 2024,

and signed a

12 -

month note bearing interest at

8 % .

Interest is payable in full at maturity on October

31, 2025 .

In connection with this note, Universal Travel Incorporated should report interest payable at December

31, 2024,

in the amount of:Note: Round your final answers to the nearest whole dollar.

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