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Use the following information to answer questions 13 and 14. Jackson Textiles owed $15,000 to Huang Manufacturing on open account On October 1, 2020, Huang

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Use the following information to answer questions 13 and 14. Jackson Textiles owed $15,000 to Huang Manufacturing on open account On October 1, 2020, Huang agreed to convert Jackson's account to a note, payable on November 30 with interest at the rate of 8 percent Jackson's fiscal year ends on October 31 The amount payable by Huang Manufacturing on November 30 equals: O A $15,000 OB. $16.200 O C. $15,200 O D. $15,100 The interest expense that should be included in the journal entry on November 30 equals O A. $1,200. OB. $100 OC. $200. OD. Zero because the company accounts for interest expense only at the end of the fiscal year

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