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Exercise 1 0 - 1 3 Notes payable LO 3 CHECK FIGURE: 2 . $ 1 8 8 . 6 3 On April 1 5
Exercise Notes payable LO
CHECK FIGURE: $
On April Dallas Consulting borrowed $ to pay the tax bill owing, for days at interest by signing a note.
On what date will this note mature?
How much interest expense is created by this note?
Prepare the journal entries for April and the maturity date.
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