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22 Assume that on July 1, 2021. Togo's Sandwiches issues a $2.53 million, one-year note Interest is payable at maturity. Determine the amount of Interest
22 Assume that on July 1, 2021. Togo's Sandwiches issues a $2.53 million, one-year note Interest is payable at maturity. Determine the amount of Interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions: (Enter your answers in dollars, not in millions. Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) eBook 1 2 3 Interest Rate Fiscal Year End 91% December 31 10% September 30 5% October 31 7 % January 31 Interest Expense $ 113.850 $ 63 250 $ 42.167 S 103,308 4 19 11 MEN Totte Carrying We Sh. st/ 1.2.5 17.041 331, 5. $8. . 100.0 Letra FRES 0 0 0 0 ecords 9
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