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On July 1, Atlantic Cruise Lines issues a $160,000, eight-month, 6.25% note. Interest is payable at maturity. What is the amount of interest expense that

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On July 1, Atlantic Cruise Lines issues a $160,000, eight-month, 6.25% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjusting entry on December 31

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