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On August 1, 2013, Noll Corporation borrowed $200,000 from BEST bank by signing a 6%, 9 month note payable which has a due date of
On August 1, 2013, Noll Corporation borrowed $200,000 from BEST bank by signing a 6%, 9 month note payable which has a due date of April 30, 2014. Noll's 2014 interest expense on this note is: A) $12,000 B) $7,000 C) $5,334 D) $4,000
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