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On July 1, 20X6, the company borrowed $20,000 and must repay principal and accrued interest of 10% a year on July 1, 20X9. Based on

On July 1, 20X6, the company borrowed $20,000 and must repay principal and accrued interest of 10% a year on July 1, 20X9. Based on this information, the debit to Interest Expense in the Adjustments column of the worksheet for 20X8 is: $4,000 $1,000 $2,000 $0

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