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On October 1, Lawn & Order, Inc., borrowed $20,000 by issuing an 8-month, 6% note and $20,000 by issuing a 4-month, 6% note. Interest Expense
On October 1, Lawn & Order, Inc., borrowed $20,000 by issuing an 8-month, 6% note and $20,000 by issuing a 4-month, 6% note. Interest Expense for the month ended October 31 on the 8-month note is the 4-month note. Olower than O the same as Ohigher than O $0 because the interest will be paid later
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