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Business, 09.04.2021 02:20 gachaperson123

On September 1, 2020, Bonita Industries issued a note payable to Fidelity Bank in the amount of $2727000, bearing interest at 10%, and payable in three equal annual principal payments of $909000. On this date, the bank's prime rate was 11%. The first payment for interest and principal was made on September 1, 2021. At December 31, 2021, Bonita should record accrued interest payable of

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On September 1, 2020, Bonita Industries issued a note payable to Fidelity Bank in the amount of $272...
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