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93, Blue Mountain took out a one-year, 6%, $100,000 to be repaid on April 1, 2017. Interest is due when the loan is repaid. How

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93, Blue Mountain took out a one-year, 6%, $100,000 to be repaid on April 1, 2017. Interest is due when the loan is repaid. How much interest should be accrued at December 31,2016, and how should it be recorded in the financial statements? 20 ecorded in the financial

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