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Business, 10.12.2019 19:31 joelpimentel

On october 1, 2019, donna equipment signed a one-year, 10% interest-bearing note payable for $43,000. assuming that donna equipment maintains its books on a calendar year basis, how much interest expense should be reported in the 2020 income statement?

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On october 1, 2019, donna equipment signed a one-year, 10% interest-bearing note payable for $43,000...
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