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On December 1, Martin Company signed a $6,000, 3-month, 7% note payable, with the principal plus interest due on March 1 of the following year.

On December 1, Martin Company signed a $6,000, 3-month, 7% note payable, with the principal plus interest due on March 1 of the following year. What amount of interest expense is accrued at December 31 on the note? 1.67 points Multiple Choice 02-29:43 O $60 $0 $105 $420 $35

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