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On August 1, 2018, Salmon Company borrowed $40,000 from a bank on a 6%, 9-month note payable. Calculate the amount of interest expense reported by

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On August 1, 2018, Salmon Company borrowed $40,000 from a bank on a 6%, 9-month note payable. Calculate the amount of interest expense reported by Salmon Company in its 2019 income statement related to this loan. Do not use decimals in your

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