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  3. global enterprises, inc. signed a oneminus year $

Global Enterprises, Inc. signed a oneminus year $ 46 comma 000 note payable at 8...

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Question

Accounting

Global Enterprises, Inc. signed a

oneminus

year

$ 46 comma 000

note payable at

8

%

interest on April 1, 2018. If Global only adjusts its accounts once a year at

yearminus

end,

how much interest expense was accrued on December 31, 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)

A.

$ 3 comma 067

B.

$ 2 comma 760

C.

$ 920

D

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