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Note Payable and Accrued InterestFairborne Company borrowed $600,000 on an 8%, interest-bearingnote on October 1, 2019. Fairborne ends its fiscal year on December31. The note

Note Payable and Accrued InterestFairborne Company borrowed $600,000 on an 8%, interest-bearingnote on October 1, 2019. Fairborne ends its fiscal year on December31. The note was paid with interest 2 answers

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