TITITITIT $000000000000$

FIII In the Blank Question

On January $8,$ Lee Co$.$ borrows $$100,000$ cash from National Bank by signing a $90-$day, $6\%$ interest note. On April $8,$ Lee Co$.$ will pay National Bank a total of $$101,500.$ The difference between the amount paid back to National Bank of $$101,500$ and the amount borrowed of $$100,000($or $$1,500)$ represents

$$ expense.

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