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On July 1, 2018, Ross-Livermore Industries issued nine month notes in the amount of $900 million Interest is payable at maturity Required: Determine the amount

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On July 1, 2018, Ross-Livermore Industries issued nine month notes in the amount of $900 million Interest is payable at maturity Required: Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions: (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Fiscal Year Ends: Rate Time - Interest Expense million Principal (million) S 900 $ 900 S 900 $ 900 December 31, 2018 September 30, 2018 October 31, 2018 January 31, 2019 million X X X X million million

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