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Business, 06.05.2020 16:57 Bamaboy8804

On September 1, 2020, Sheffield Corp. issued a note payable to National Bank in the amount of $1460000, bearing interest at 8%, and payable in three equal annual principal payments of $560000. On this date, the bank's prime rate was 7%. The first payment for interest and principal was made on September 1, 2021. At December 31, 2021, Sheffield should record accrued interest payable of

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On September 1, 2020, Sheffield Corp. issued a note payable to National Bank in the amount of $14600...

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