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On August 1, 2018, Mills Company borrowed $110000 cash on a one-year note that required Mills to pay 10 percent interest and $110000 principal, both

On August 1, 2018, Mills Company borrowed $110000 cash on a one-year note that required Mills to pay 10 percent interest and $110000 principal, both on July 31, 2019. Assuming the note is paid when due in 2019, what is the debit to interest expense when recording the payment of the

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