A 6-month note is issued on October 1.If no previous accruals have been made,how many months of interest should be accrued at December 31?
A)Six
B)Three
C)Four
D)Two

Name: A 6-month note is issued on October 1.If no previous accruals have been made,how many months of interest should be accrued at December 31? A)Six B)Three C)Four D)Two
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Question

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Interest for three months (October,November and December)should be accrued at December 31.

A 6-Month Note Is Issued on October 1