Orion Energy in Manitowoc needed some short-term financing to help with its factory expansion. Therefore, on July

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Orion Energy in Manitowoc needed some short-term financing to help with its factory expansion. Therefore, on July 1, 2023 Orion Energy issued a $180,000, 13%, 8-month note. Orion Energy will pay all interest at maturity. What is the amount of interest expense that Orion Energy should record in a year-end adjusting entry if Orion's fiscal ended on:

a) December 31, 2023

b) September 30, 2023

Posted Date: May 23, 2024 05:11 PM

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Orion Energy in Manitowoc needed some short-term financing to help with its factory expansion. Therefore, on July

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