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Accrued Interest Payable The following is a list of outstanding notes payable as of December 31, 20--: Required: 1. Compute the accrued interest at the

Accrued Interest Payable The following is a list of outstanding notes payable as of December 31, 20--: Required: 1. Compute the accrued interest at the end of the year. Assume 360 days in a year. Round your final answer to the nearest cent. Feedback Check My Work The formula for calculating interest is I=PRT. 2. Prepare the adjusting entry in the general journal

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