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SHOW ALL YOUR WORKS FOR YOUR CALCULATIONS: Calculate Interest expense and Cash in Sep 1, 2019 2018 Sep 1 Purchased equipment costing $28,000 by issuing

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SHOW ALL YOUR WORKS FOR YOUR CALCULATIONS: Calculate Interest expense and Cash in Sep 1, 2019" 2018 Sep 1 Purchased equipment costing $28,000 by issuing a one-year, 9% note payable. Dec 31 Accrued interest on the note payable. 2019 Sep 1 Paid the note payable at maturity. Print Done Sep 1, 2019: Paid the note payable at maturity. General Journal Date Accounts Debit Credit 2019 Sep 28,000 840 1 Note payable, short-term Interest payable Interest expense Cash

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