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Business, 14.04.2020 17:35 Josias13

On November 1, 20X1, a company signed a $200,000, 12%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 20X2. What is the amount of interest expense to report in 20X2

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On November 1, 20X1, a company signed a $200,000, 12%, six-month note payable with the amount borrow...

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