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Phipps Company borrowed $34,000 cash on October 1,2019 , and signed o nine-month, 6% interest-beoring note poyoble with interest payable at maturity. Asstaming that adjusting

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Phipps Company borrowed $34,000 cash on October 1,2019 , and signed o nine-month, 6% interest-beoring note poyoble with interest payable at maturity. Asstaming that adjusting entries have not been made during the year, the amount of occrued interest payable to be reported on the December 31,2019 balance sheet is which of the following? Multiple Choice 5255 $1020 $765 $510

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