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Jade Company signed a nine-month 7% note payable for $85,000 on July 1, 2019, with the interest to be paid at maturity. Jade's fiscal year

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Jade Company signed a nine-month 7% note payable for $85,000 on July 1, 2019, with the interest to be paid at maturity. Jade's fiscal year ends on December 31. How much interest expense would be included in the 2020 income statement with respect to this

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