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On July 1, Bahama Excursions issues a $200,000, elght-month, 7% note. Interest is payable at maturity. What is the amount of interest expense that the

On July 1, Bahama Excursions issues a $200,000, elght-month, 7% 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 ? Answer is complete but not entirely correct

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