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Randall Automotive signed a $5,000,120-day note payable on October 1 that bears interest at an...

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Question

Accounting

Randall Automotive signed a $5,000,120-day note payable on October 1 that bears interest at an annual rate of 9%. How much will appear on Randall's income statement for interest expense related to this note at December 31?

Select one:

a. $112.50

b. $4,500

c. $150

d. $450

please show work and thank you :D

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