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1. If cash is borrowed on a $100,000, 6-month, 13% note on August 1st, how much interest expense would be incurred by December 31? 2.
1. If cash is borrowed on a $100,000, 6-month, 13% note on August 1st, how much interest expense would be incurred by December 31? 2. The cash register total including sales taxes is $25,000, and the sales tax rate is 5%. What are the sales taxes payable? 3. If $30,000 is collected in advance on July 1st for 10 months' rent, what amount of rent should be recognized by December 31
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