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On November 3 0 , a company borrowed $ 1 , 0 0 0 by issuing a 1 - year note with interest and principal

On November 30, a company borrowed $1,000 by issuing a 1-year note with interest and principal due at the end of the 1-year period. The interest on the note should be expensed ______.
Multiple choice question.
over the months the note is unpaid
immediately when the notes payable was issued, November 30
when the interest is paid, a year later

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