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On December 1 , ABC Company borrows $ 1 0 , 0 0 0 from the bank on a 6 % note payable due in

On December

1,

ABC Company borrows $

10, 000

from the bank on a

6 %

note payable due in

4

months. How much interest should be accrued on December

31,

the end of the accounting period?

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