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Question 1 4 5 pts On July 1 , Orcas Lab issued a $ 4 5 0 , 0 0 0 , 6 % ,

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Question 14
5 pts
On July 1, Orcas Lab issued a $450,000,6%,8-month note. Interest is payable at maturity. What is the amount of interest expense that should be recorded in a year-end adjusting entry if the fiscal year-end is October 31?
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