Business, 13.08.2019 06:20 brennarfa

On july 1, orcas lab issued a $100,000, 12%, 8-month note. interest is payable at maturity. what is the amount of interest expense that should be recorded in a year-end adjusting entry if the fiscal year-end is (a) december 31? (b) september 30?

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On july 1, orcas lab issued a $100,000, 12%, 8-month note. interest is payable at maturity. what is...