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A) On April 1, 2015 Omega Inc. borrowed $700,000 from the bank and signed a 12 month 5% interest bearing note. Interest on the

A) On April 1, 2015 Omega Inc. borrowed $700,000 from the bank and signed a 12 month 5% interest bearing note. Interest on the note is due on maturity. Omega Inc. has a November 30th year-end. Required: Prepare the year-end adjusting entry to record accrued interest for 2015.

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