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Megatron Incorporated borrowed $200,000 on May 1, 2014. Interest payments are made semiannually on May 1 and November 1, and the annual interest rate is

Megatron Incorporated borrowed $200,000 on May 1, 2014. Interest payments are made semiannually on May 1 and November 1, and the annual interest rate is 8%. The company will debit Interest Expense on May 1, 2015 in the amount of: Select a Choice Below current question choices OptionA $12,000 OptionB $16,000 OptionC $6,000 OptionD $8,000

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