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Assume that on July 1 , 2 0 2 1 , Togo's Sandwiches issues a $ 1 . 6 6 million, one - year note.

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Assume that on July 1,2021, Togo's Sandwiches issues a $1.66 million, one-year note. Interest is payable at maturity. Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions: (Enter your answers in dollars, not in millions. Do not round intermediate calculations. Round your answers to the nearest dollar amount.)
\table[[,Interest Rate,\table[[Fiscal Year-],[End]],\table[[Interest],[Expense]]],[1.,7,%,$,67,783],[2.,10,%,September 30,,],[3.,5,%,October 31,,],[4.,8,%,January 31,$,64,000]]
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