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QUESTION 20 On December 1, 2021, Modern Dining Products borrowed $84,000 on a 12%, 5-year note with annual installment payments of $15,000 plus interest due

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QUESTION 20 On December 1, 2021, Modern Dining Products borrowed $84,000 on a 12%, 5-year note with annual installment payments of $15,000 plus interest due on December 1 of each succeeding yoar On December 1, the principal amount was recorded as a long-term noto payable What amount of the interest payable will be shown on the balance sheet as of December 31, 2021? $840 $10,080 $16.800 O $1,400 Click Save and Submit to save and submit. Click Save All Answers to me all answer DELL

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