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A company issues a $150,000,4%, one-year note on March 1 . What is its year-end...

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Accounting

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A company issues a $150,000,4%, one-year note on March 1 . What is its year-end adjusting entry required if the the company prepares financial statements on December 31 ? Interest Payable. 6,000 Interest Expense. 6,000 Interest Payable 5,000 Cash. 5,000 Interest Payable. 5,000 Interest Expense. 5,000 Interest Expense. 5,000 Cash. 5,000 Interest Expense 5,000 Interest Payable 5,000

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