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Sarah Co borrowed OR200,000 on January 1, 2019, and signed a two-year note bearing interest...

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Accounting

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Sarah Co borrowed OR200,000 on January 1, 2019, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2021. In connection with this note, Sarah's should report interest expense at December 31, 2019, in the amount of Select one a. 24.000 b. 50,880 c 48,000 Odo

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