Question: On September 1, 20x1, Getz Inc. issued a note payable to City Bank in the amount of $244475, bearing interest at 14% per annum, and payable in 3 equal annual principal payments of $81492, plus interest. the first payment for interest and principal was made on September 1, 20x2. What amount of accrued interest payable should Getz record at December 31, 20x2? Select one:
11409
8557
7606
5704