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On March 1st Apex Company borrows $10,000 from Citizens Bank on a 6% six month note payable, the amount of interest expense to be accrued
On March 1st Apex Company borrows $10,000 from Citizens Bank on a 6% six month note payable, the amount of interest expense to be accrued for the month of May is?
I know what the answer is I just need steps to explain the process of the calculation.
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