The McAllister Company borrowed $40,000 from a bank on January 1,2021 at an interest rate...
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Accounting
The McAllister Company borrowed $ from a bank on January at an interest rate of percent; the loan will be repaid in full at the end of the twoyear term. What amount of interest expense will the company record in its financial statements for the year
As needed, round your final answer but not intermediate steps to the nearest whole dollar and enter as a positive number.
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