Vancouver bank agrees to lend $ 180,000 to surrey corporation. on November 1, 2020 and the company
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Vancouver bank agrees to lend $ 180,000 to surrey corporation. on November 1, 2020 and the company signs a six-month,6% note maturing on may 1,2021. Surrey corp. follows IFRS and has a December 31, fiscal year end.
How much interest expense should surrey record in 2021?
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