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Blossom Company signed a six-month, 12% note payable of $11800 on October 1, 2025. By recording the interest expense related to on its year-end financial
Blossom Company signed a six-month, 12% note payable of $11800 on October 1, 2025. By recording the interest expense related to on its year-end financial statements on the note only when it is paid on April 1, 2026, Blossom will understate expenses by December 31, 2025. $354 O $13216 $708 $0 
Blossom Company signed a six-month, 12% note payable of $11800 on October 1,2025 . By recording the interest expense reiated to the note only when it is paid on April 1, 2026, Blossom will understate expenses by on its year-end financial statements on December 31,2025. $354 $13216 $708 $0
Blossom Company signed a six-month, 12% note payable of $11800 on October 1, 2025. By recording the interest expense related to on its year-end financial statements on the note only when it is paid on April 1, 2026, Blossom will understate expenses by December 31, 2025. $354 O $13216 $708 $0
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