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From page 3-8 of the VLN, using the practice on the bottom of the page, assume R Company borrowed the money on November 1st instead

image text in transcribedimage text in transcribed From page 3-8 of the VLN, using the practice on the bottom of the page, assume R Company borrowed the money on November 1st instead of December 1st. How much interest expense would the company report on their income statement for the year ended 12/31/20XA? Practice-Accrued expense: R Company borrowed $100,000 at 9% interest for six months on December 1, 20XA. How much interest expense should be reported on the income statement for the year-ending 12/31/20XA? $

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