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Moss Company obtains a $125,000,6%, five-year loan for a new camp bus on January 1,2021 . What amount will be recorded for interest expense for

Moss Company obtains a $125,000,6%, five-year loan for a new camp bus on January 1,2021 . What amount will be recorded for interest expense for the first month's payment on January 31,2021 ? $7,500 $1,000 $125 $625

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