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Nakilat Company borrows $225,000 cash from the Bank of Hong Kong on November 1, 2019, by signing a 180-day, 9% note with a face
Nakilat Company borrows $225,000 cash from the Bank of Hong Kong on November 1, 2019, by signing a 180-day, 9% note with a face value of $225,000. 1. Calculate the total interest expense, the interest expense in 2019, and the interest expense in 2020. (Use 360 days a year. Round final answers to the nearest whole dollar.)
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
