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On December 1, Mason Corp signed a $27,300, 60-day, 4% note payable as replacement of an account payable with JB Company. What amount of

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On December 1, Mason Corp signed a $27,300, 60-day, 4% note payable as replacement of an account payable with JB Company. What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.) Multiple Choice $1,092 $364 $91 $182

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