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On Oct. 1.2021 Bianca Inc signed a 1-year $75,000 note payable from Prime National Bank. The loan plus 4% interest is to be repaid on

On Oct. 1.2021 Bianca Inc signed a 1-year $75,000 note payable from Prime National Bank. The loan plus 4% interest is to be repaid on Sept 30, 2022 Bianca's year-end is December 31 In its 2021 financial statements, Bianca will record an interest expense of O a $1,000

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