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Question 3 (3.75 points) On September 1, 2020, Potato Ltd. borrowed $1,800,000 from Farmer's Bank at a rate of 12%. The note is due in

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Question 3 (3.75 points) On September 1, 2020, Potato Ltd. borrowed $1,800,000 from Farmer's Bank at a rate of 12%. The note is due in full on September 1, 2021. Presuming Potato Ltd. has a year-end of December 31, the company should record interest payable on December 31 of: $18,000 $216,000 $54,000 $72,000

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