On July 1, Alaskan Adventures issues a $100,000, eight-month, 6% note. Interest is payable at maturity. What

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On July 1, Alaskan Adventures issues a $100,000, eight-month, 6% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjustment on December 31?

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Financial Accounting

ISBN: 9780078110825

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Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jan 16, 2017 10:28 AM

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On July 1, Alaskan Adventures issues a $100,000, eight-month, 6% note. Interest is payable at maturity. What

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Financial Accounting

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