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Question
sielert corporation borrowed $600,000 from national bank on may 31, 2011. the three-year, 7% note required annual payments of $228,630 beginning may 31, 2012. interest expense for the year ended december 31, 2011 was
a.$24,500
b.$28,000
c.$42,000
d.$0
Answer
This answer is hidden. It contains 1 characters.
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