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On December 1, Miles Company borrowed $480,000, at 9% annual inflerese from the Nome Bank. Miler fin 60 dyn before the first payment is iequired.

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On December 1, Miles Company borrowed $480,000, at 9% annual inflerese from the Nome Bank. Miler fin 60 dyn before the first payment is iequired. What is the adjusing entry that Miller would need to make on December as, the calendar year end? Whe 360 days in a yeak) Mutiphe Choike Oeba interest fupros, \$3600, eese can $3600

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