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Business, 07.05.2020 12:57 yoyo0123

On November 1, 2021, a company signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. The company should report interest payable at December 31, 2021, in the amount of:

A. $0

B. $1000.

C. $2,000.

D. $3,000.

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Answers: 1

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