Sleigh Bells Ringing Corp borrowed $ 10,000 on a ten month promissory note at 8% to be
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Sleigh Bells Ringing Corp borrowed $ 10,000 on a ten month promissory note at 8% to be repaid in one lump sum. The funds were borrowed on September 1. What is the amount of accrued interest expense?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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