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I need to know how to calculate the interest expense and interest receivable. Thank you!. Dec 31 Interest Receivable $1,375 Interest Revenue $1.375 Dec 31

I need to know how to calculate the interest expense and interest receivable. Thank you!. Dec 31 Interest Receivable $1,375 Interest Revenue $1.375 Dec 31 Interest Expense $16,250 Interest Payable $16...

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