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Business, 18.03.2021 01:30 oliviastokes

Borne Company issued a note payable to National Bank on September 1, 2020, in the amount of $1,500,000, bearing interest at 9%, and payable in three equal annual principal payments of $500,000. On this date, the bank's prime rate was 8%. The first payment for interest and principal was made on September 1, 2021. At December 31, 2021, Borne should record accrued interest payable of

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Borne Company issued a note payable to National Bank on September 1, 2020, in the amount of $1,500,0...
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