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Diane borrowed $1,800,000 at 2% on April 1. Diane is required to make quarterly interest payments with the first payment due on July 1. Diane

Diane borrowed $1,800,000 at 2% on April 1. Diane is required to make quarterly interest payments with the first payment due on July 1. Diane prepares monthly financial statements.

  • What is the amount of Dianes interest payable as of June 30?
  • What is the amount of interest costs Diane should recognize for the period April 1 to August 30?

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