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On July 1, Alaskan Adventures issues a $100,000, eight-month, 6.75% note. Interest is payable at maturity. What is the amount of interest expense that the

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On July 1, Alaskan Adventures issues a $100,000, eight-month, 6.75% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjustment on December 31? Interest expense $ 5.040

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