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On January 1 , Year 1 , Maverick Company sold bonds that pay interest semiannually on June 3 0 and December 3 1 . Maverick
On January Year Maverick Company sold bonds that pay interest semiannually on June and December Maverick has a fiscal yearend of February The amortization schedule for these bonds shows a cash payment of interest of $ and effective interest of $ relating to the interest payment that will be made on June Year What is the amount of interest expense that should be accrued by Maverick in an adjusting entry dated February Year
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