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please help me with this one On January 1, 2024, Sandhill Company issued for cash a $560000,5-year note bearing annual interest at 10% to Miller,
please help me with this one On January 1, 2024, Sandhill Company issued for cash a $560000,5-year note bearing annual interest at 10% to Miller, Inc. The market rate of interest for a note of simllar risk is 12%. What should be the balance of the Discount on Notes Payable account on the books of Sandhill at December 31,2026 after adjusting entries are made, assuming that the effective-interest method is used? $15944 548882 $18929 $26901
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