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  3. 6) jane's donut co. borrowed $200,000 on september

6) Jane's Donut Co. borrowed $200,000 on September 1, 2018, and signed a one-year note...

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Accounting

6) Jane's Donut Co. borrowed $200,000 on September 1, 2018, and signed a one-year note bearing interest at 12%. Interest is payable in full at maturity on September 1, 2019. In connection with this note, Jane's should report interest expense at December 31, 2018, in the amount of:

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